Judge To Hear Wiretap Arguments In Galleon Case

Jul 23 2010 | 12:45pm ET

A federal judge will next week hear arguments about the fate of the wiretaps at the heart of the insider-trading case against Galleon Group founder Raj Rajaratnam.

The Tuesday hearing could help decide the fates of Rajaratnam and co-defendant Danielle Chiesi. Both are set to face trial in the largest insider-trading case in U.S. history in October, and each faces more than 100 years in prison if convicted.

Rajaratnam and Chiesi’s legal teams are seeking to have the wiretaps thrown out, arguing that government misled the judge who authorized them and that the taps violated their clients’ constitutional rights. It is unclear how much of a case prosecutors would have left if they lose the taps.

Rajaratnam and Chiesi are just two of the 21 people charged in the case. A dozen of those have already pleaded guilty.


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Artivest Announces Funding Round Led by KKR & Co.

May 4 2015 | 9:56am ET

Artivest, a startup that provides individual investors with access to private equity...

Guest Contributor

Starting a ‘40 Act Fund Family? Don’t Forget Your Board

Apr 30 2015 | 7:18am ET

The convergence of the hedge fund and mutual fund worlds continues unabated, as...

 

Editor's Note