Fortune – A former hedge fund manager who provided evidence for dozens of insider trading convictions, including that of Galleon Group hedge fund founder Raj Rajaratnam, avoided prison on Wednesday at his sentencing in Manhattan federal court.
Thomas Hardin, who previously ran Lanexa Management, pleaded guilty in 2010 to conspiracy and securities fraud charges, amid more than six years of what prosecutors called “extraordinary” assistance.” It is very clear to me that Mr. Hardin indeed provided exceptionally substantial and effective assistance in the investigation and prosecution of other persons,” U.S. District Judge Laura Taylor Swain said in imposing sentence.
