Tuesday, 2 September 2014
Last updated 1 hour ago
May 7 2010 | 3:23am ET
Danielle Chiesi, Galleon Group founder Raj Rajaratnam’s co-defendant in the largest insider-trading case in U.S. history, will seek to exclude the wiretaps at the center of the government’s case against her—secretly.
The former New Castle Partners executive can file her motion to exclude the 18,000 wiretaps under seal, U.S. District Judge Richard Holwell ruled. Chiesi’s lawyers explained that the filing will have “substantial and extended references” to the wiretaps, which Holwell has previously ruled should remain confidential, at least until he determines whether or not they are admissible.
Chiesi’s lawyers are expected to file their brief today. Rajaratnam’s lawyers have also indicated that they will challenge the legality of the wiretaps.
Chiesi and Rajaratnam are set to go on trial in October. Both have pleaded not guilty. If convicted of the insider-trading charges, each faces more than 100 years in prison.
All told, 21 people have been charged in the Galleon case, with prosecutors winning 11 guilty pleas.
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 ...