Danielle Chiesi

U.S. District Court Judge Jed Rakoff is famous -- or infamous -- for his zeal in righting Wall Street's wrongs. But the Galleon insider trading civil suit he's presiding over has just earned him a wrist-slap from the Second Circuit Court of Appeals.

Advanced Micro Devices (AMD)'s former CEO, Hector Ruiz, allegedly leaked details of a major restructuring to a hedge fund. But I was even more surprised to learn the details of what Ruiz allegedly told New Castle's Danielle Chiesi, the former Bear Stearns hedge fund executive -- details which she...