Tuesday, 2 September 2014
Last updated 5 hours ago
Mar 15 2010 | 1:39pm ET
Galleon Group founder Raj Rajaratnam and former New Castle Partners executive Danielle Chiesi on Friday moved to separate their trials for insider-trading.
Lawyers for both Rajaratnam and Chiesi, who are set to go on trial in October, say that the case against them includes seven distinct conspiracy allegations that cannot be shown to be connected.
“There is an utter lack of meaningful overlaps between the seven alleged conspiracies in the case,” John Down, Rajaratnam’s lawyer, wrote to U.S. District Judge Richard Holwell. “Jurors would become confused as to which evidence pertained to which conspiracy count and, in turn, which defendant,” Chiesi’s lawyers added.
Rajaratnam’s lawyers also used the occasion to further savage the government’s case, again attacking star witness Roomy Khan, a former Galleon employee. Dowd called Khan “an inveterate fabricator” and said the government failed to tell the court about her previous insider-trading conviction and that she recanted part of her story when it sought the wiretaps at the heart of the case.
Dowd is seeking to have those wiretaps tossed out of the case.
Rajaratnam and Chiesi have pleaded not guilty. A total of 21 people have been charged in the case, and 10 have pleaded guilty.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...