Former Intel Executive Secures Favorable Sentence

Skadden secured a favorable sentence for former Intel Corp. executive Rajiv Goel, who pled guilty in 2010 to providing hedge fund manager Raj Rajaratnam with confidential information about Intel's finances and business strategies. Goel cooperated with the government during its investigation and testified against Rajaratnam at trial, helping the government obtain a conviction. As a result of Goel's cooperation, on September 24, Judge Barbara S. Jones of the U.S. District Court for the Southern District of New York sentenced him to two years of probation and ordered Goel to pay a $10,000 fine. The government agreed not to seek an additional forfeiture amount beyond what Goel already had agreed to pay to the SEC as part of an earlier settlement.