The US Securities and Exchange Commission said that it agreed to settle its lawsuit against Galleon defendants Ali Far and Richard Choo-Beng Lee, the founder and former president of California hedge fund Spherix Capital.

Far and Lee will pay a combined $2.1 million to settle the SEC’s civil complaint.

Raj Rajaratnam, Galleon’s founder, was indicted last month as part of the government probe. He pleaded not guilty.