Rajaratnam seeks to throw out guilty verdict (Reuters)

Wed, 05/25/2011 - 14:45 EDT - Yahoo! Business News

Reuters - Lawyers for hedge fund tycoon Raj Rajaratnam asked a judge on Wednesday to throw out the Galleon Group founder's conviction on insider trading charges.

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Rajaratnam seeks to throw out guilty verdict
NEW YORK (Reuters) - Lawyers for hedge fund tycoon Raj Rajaratnam asked a judge on Wednesday to throw out the Galleon Group founder's conviction on insider trading charges.
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Rajaratnam’s brother pleads not guilty in insider trading case
NEW YORK — Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges. The younger Rajaratnam entered his plea in Manhattan federal court, one day after his arrest at John F. Kennedy International Airport in New York. FBI agents had escorted him to the United States on a flight from Brazil. Prosecutors on Thursday accused Rengan Rajaratnam, 42, of conspiring with his brother to trade on non-public information concerning Clearwire Corp and Advanced Micro Devices Inc in 2008.
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Rajaratnam seeks to throw out guilty verdict (Reuters)

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