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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.

RIL insider-trading case: SAT ends hearing, verdict on Jun 30

Last Updated: Thursday, June 26, 2014, 18:04

A full bench of the Securities Appellate Tribunal (SAT), headed by presiding officer JP Devdhar, on Thursday concluded the hearing on the nearly four-year- long insider trading case against Reliance Industries and said it will pronounce the order on June 30.

Gupta approaches apex court in last-ditch effort to avoid jail

Last Updated: Wednesday, June 11, 2014, 11:37

Gupta, 65, convicted in 2012 of passing confidential board room information to his friend and business associate Raj Rajaratnam, is scheduled to begin his two-year prison term on June 17.

US would face hurdles bringing case against Icahn, Mickelson

Last Updated: Monday, June 02, 2014, 12:32

Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said.

Rajat Gupta loses bid to stay prison surrender date

Last Updated: Saturday, May 31, 2014, 17:44

India-born former Goldman Sachs director Rajat Gupta will start serving his two-year jail term from June 17 after a US court here rejected his motion seeking surrender of the prison date.

Rajat Gupta seeks stay of prison surrender date

Last Updated: Wednesday, May 14, 2014, 21:59

India-born former Goldman Sachs director Rajat Gupta has sought a stay on a US court order to start serving a two-year sentence from June 17 on insider trading charges, contending that his bail conditions should be continued till his motion to rehear his case is decided upon.

Rajat Gupta seeks re-hearing of insider trading conviction

Last Updated: Wednesday, April 09, 2014, 14:17

In a unanimous ruling last month, the panel of the appeals court had rejected Gupta's bid for a new trial and upheld his 2012 conviction and sentence.

Rajat Gupta asks court to rethink $13.9 mn penalty

Last Updated: Tuesday, April 08, 2014, 19:38

India-born former Goldman Sachs director Rajat Gupta has asked a US court to reconsider its order asking him to pay USD 13.9 million in civil penalties in the insider trading case, arguing it was unnecessary given the heavy criminal punishment imposed on him.

SAT adjourns hearing on RIL-SEBI case to April 16

Last Updated: Tuesday, March 18, 2014, 23:33

The Securities Appellate Tribunal adjourned the hearing in the insider-trading case against Reliance Industries to April 16 as the company's senior counsel could not make it Tuesday.

SAT adjourns RIL insider-trading case

Last Updated: Monday, December 02, 2013, 21:51

The Securities Appellate Tribunal Monday adjourned till Tuesday the hearing on an appeal by Reliance Industries against market regulator SEBI in the 2007 insider-trading case as the company sought time to respond to certain queries from the tribunal.

SAT defers hearing on RIL's insider trading case to Nov 11

Last Updated: Tuesday, October 29, 2013, 16:07

The Securities Appellate Tribunal (SAT) on Tuesday put off to November 11 the hearing on Reliance Industries' (RIL) appeal against market regulator Sebi in the 2007 insider-trading case.

SAT asks Sebi to look at RIL consent plea; next hearing on Oct 29

Last Updated: Friday, October 11, 2013, 15:33

SAT has been hearing the appeal filed by RIL against Sebi in the insider-trading case related to its erstwhile subsidiary Reliance Petroleum Ltd (RPL) dating back to 2007.