Author: Michael Axelrod

Anil Kumar, the former McKinsey partner, testified in a New York court on Monday that he told Raj Rajaratnam, the founder of hedge fund Galleon Group, about strategic plans and earnings guidance for at least three McKinsey clients in exchange for payments. Mr Kumar, a government witness at the insider trading trial of Mr Rajaratnam, told the jury how he leaked details of “super-confidential” negotiations by chip-maker Advanced Micro Devices to buy either Nvidia or ATI Technologies, the graphics companies. The court heard the 2006 talks were so secret that the project was at first code-named “Supernova,” and then “Go…