Washington Post – Lawyers for a one-time billionaire hedge fund founder told a judge Monday that he should not unseal arguments about their client’s medical issues before his insider trading sentencing next week because it may set off a “salacious and morbid media feeding frenzy.”
The lawyers for 54-year-old Raj Rajaratnam acknowledged that they had turned over “sensitive and private information” to the judge along with their request that he be treated leniently at his Oct. 13 sentencing. But they said federal court rules and court precedent in this part of the country dictate that the information should remain confidential.
