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US jury rejects insider trading case, ends prosecutor streak

Last Updated: Wednesday, July 09, 2014, 01:22

Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by US prosecutors.

Trial of Rajaratnam's brother ends as defence says US case flawed

Last Updated: Tuesday, July 08, 2014, 02:53

A lawyer for Rengan Rajaratnam on Monday compared the government`s insider trading case against the younger brother of Galleon Group founder Raj Rajaratnam to a jigsaw puzzle where the pieces had been wrongly jammed together.

Two counts tossed in Rajaratnam brother's insider trading trial

Last Updated: Wednesday, July 02, 2014, 05:14

A US judge on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the younger brother of Galleon Group founder Raj Rajaratnam, in a surprise development in the federal criminal insider trading case.

Insider trading conviction of Galleon's Rajaratnam stands

Last Updated: Tuesday, November 19, 2013, 10:39

A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government`s wide-ranging probe into insider trading.

Court to hear Rajaratnam's insider-trading appeal on October 25

Last Updated: Saturday, September 08, 2012, 09:02

Usually, the panel does not issue a decision until weeks or even months after oral arguments.

Rajat Gupta 'abused his position','broke the law': prosecution

Last Updated: Wednesday, June 13, 2012, 23:45

The defense and the prosecution started presenting their closing arguments in 63-year-old Gupta's insider trading trial in the Manhattan federal court on Wednesday.

Gupta not to testify in his own defense

Last Updated: Monday, June 11, 2012, 08:59

Gupta's lawyer Gary Naftalis informed about the decision to US District Judge Jed Rakoff in a brief letter yesterday.

Rajat Gupta secretly served Rajaratnam's hedge fund: Prosecution

Last Updated: Friday, June 01, 2012, 10:08

Prosecutors in the insider-trading trial of Rajat Gupta have suggested he leaked information about Goldman Sachs to convicted hedge fund billionaire Raj Rajaratnam because he was secretly serving as an executive of his Galleon Group.

Rajaratnam guilty on all insider trading charges

Last Updated: Wednesday, May 11, 2011, 23:17

Rajaratnam was found guilty on all 14 conspiracy and securities fraud charges of insider trading on Wednesday, a verdict that could galvanize the government`s aggressive tactics in future prosecutions of Wall Street figures.

Information was public, not secret: Rajaratnam lawyer

Last Updated: Thursday, March 17, 2011, 13:48

Galleon Group founder is accused of making USD 45 million in illicit profit.

Hedge fund scam: 7 plead not guilty in $52 mn case

Last Updated: Thursday, February 04, 2010, 09:11

Seven traders and lawyers have pleaded not guilty in the USD 52 million insider trading scam, one of the largest in American history, in which Sri Lankan billionaire Raj Rajaratnam is alleged to be the ringleader.