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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.

Rajat Gupta to report to jail today to begin 2-year sentence

Last Updated: Tuesday, June 17, 2014, 13:31

India-born former Goldman Sachs Director Rajat Gupta will Tuesday report to a prison in Massachusetts to begin his two-year sentence for insider trading, after having fought an over three-year long legal battle with all his might to clear his name.

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 prosecutors drop two more charges against Rajaratnam`s brother

Last Updated: Saturday, May 17, 2014, 05:17

US prosecutors have dropped two insider trading-related charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the second time in two weeks the government has whittled down its case against him.

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.

US prosecutor Preet Bharara`s office recovers nearly USD 4 billion since Jan 2013

Last Updated: Wednesday, February 12, 2014, 13:39

Indian-origin US prosecutor Preet Bharara`s office has recovered nearly USD four billion from criminal and civil cases since January 2013, including significant forfeitures from JPMorgan Chase, SAC Capital Advisors and jailed hedge fund founder Raj Rajaratnam.

Rajaratnam's brother seeks dismissal of insider trading charges

Last Updated: Saturday, February 08, 2014, 14:40

Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday to dismiss insider trading charges leveled against him last year.

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.

Rajat Gupta fined $13.9 million for insider trading

Last Updated: Thursday, July 18, 2013, 09:19

India-born former Goldman Sachs Director Rajat Gupta, convicted of insider trading, has been ordered to pay a hefty USD 13.9 million civil penalty and permanently barred from acting as an officer or director of a public company for spilling boardroom secrets.