Arthur Cutillo has been arrested as the Galleon insider trading investigation widens.
Arthur Cutillo has been arrested as part of the investigation into the Galleon Group insider trading investigation. The basic allegation is that Raj Rajnaratnam, the founder and CEO of Galleon Group, was maintaining its incestment edge by trading off inside information. Inside information which was fed to him by a more or less widespread group across the investment industry.
Today's arrests are part of trying to track down who that group might or might not be:
Among those charged on Thursday were Zvi Goffer of Incremental Capital hedge fund; Arthur Cutillo, a former attorney with law firm Ropes & Gray; Jason Goldfarb, an attorney; Craig Drimal, a former employee in Galleon's office; and Emanuel Goffer, Michael Kimelman and David Plate, all associated with Incremental Capital.
The complaints allege that Zvi Goffer ran an insider trading network and paid sources for inside information. He provided his tipsters with prepaid cellphones so they could minimize the chances of getting caught when passing on tips, the complaint said.
The minor interest in Arthur Cutillo is that his law firm, Ropes&Gray, seem to have grasped part of the art of damage limitation but not all of it. Searching their website for mentions of Cutillo gives you a 404 page. But they haven't quite yet cleaned out their site search engine properly, for he's still listed in search results even if you cannot see that full result.
Ropes & Gray LLP: Arthur J. Cutillo
…Arthur J. Cutillo Associate Ropes & Gray 1211 Avenue of…Intellectual Property Patent Litigation Related Publications Practice Arthur Cutillo joined Ropes & Gray in 2005 and is an associate practicing in the…
Knowing that the entry did at one time exist means that of course we can use the Google cache to find out what it said:
Arthur Cutillo joined Ropes & Gray in 2005 and is an associate practicing in the Litigation Department. His practice focuses on Intellectual Property.
Professional Experience
Prior to joining Ropes & Gray, Arthur worked at Merck & Co., Inc. His experienced ranged from the supervision of vaccine production to ensuring the release of sterile vaccines to various markets worldwide.
Bar Admissions
New York, 2006
New Jersey, 2005
U.S. Patent and Trademark Office, 2003
Education
2005, J.D., Villanova University School of Law; Associate Editor, Villanova Environmental Journal
2004, M.S. (Chemical Engineering), Villanova University
1999, B.S. (High Honors, Chemical Engineering), Rutgers, The State University of New Jersey, School of Engineering
All of which is really rather interesting, Cutillo's expertise. For the essence of the allegations about the Galleon insider trading group was and is that they were working on inside knowledge about patents and other intellectual rights issues. For of course, knowing whether a patent has been granted, a drug given approval, just that little bit faster than the rest of the market knows, is extremely valuable in trading the stocks of high tech and pharmaceutical companies.