Rajaratnam Jury Begins Deliberations in Hedge Fund Insider-Trading Trial

Bloomberg  – Galleon Group LLC co-founder Raj Rajaratnam’s fate rests with jurors including a retired bookkeeper, a nurse and a customer-service representative for the New York subway system, as the panel is scheduled for a second day of deliberations in the insider-trading trial.

U.S. District Judge Richard Holwell in Manhattan yesterday instructed jurors on the law of conspiracy and securities fraud and asked the panel to weigh the evidence presented at the trial of Rajaratnam, who prosecutors said was worth at least $1 billion the day of his arrest in October 2009. The jury, which deliberated for four hours, is scheduled to return today.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply