Rajiv Goel, the Intel executive caught up in the Galleon insider trading scandal, has finally hired himself some lawyers — and they’re not from the Bay Area.
Goel is being represented by two Skadden Arps white collar lawyers, David Zornow and David Meister, as well as veteran solo Martin Auerbach.
Zornow appeared in New York federal court where the case is proceeding, and released this statement to Legal Pad: “Mr. Goel looks forward to having his day in court and fully addressing these charges.”
Goel was an executive in Intel’s treasury department, who the SEC says passed inside information to hedge fund mogul Raj Rajaratnam.
Local lawyers have gotten some of the work generated by the wide-ranging insider-trading case. Orrick is doing the internal investigation at Intel and Wilson Sonsini is conducting a probe at Polycom, another source of leaked information. But with the case pending in New York, all of the individuals targeted have hired Big Apple lawyers, including the two defendants from the Valley: Goel and Anil Kumar, a McKinsey & Co director who lives in Saratoga, Calif. Kumar is using Chuck Clayman of Clayman & Rosenberg.
— Zusha Elinson