Saturday, 27 December 2014
Last updated 3 days ago
Nov 2 2010 | 2:41am ET
In case anyone—especially U.S. District Judge Richard Holwell—had forgotten or was unclear about his position on the wiretaps that could put him in prison for decades, Raj Rajaratnam has moved to ensure there is no confusion.
He still thinks the taps were illegal and should be thrown out of court.
Rajaratnam's legal team called the government's defense of the 2,400 recorded conversations "a model of misdirection." Last month, prosecutors rejected the Galleon Group founder's lawyers' arguments that "falsehoods and critical omissions pervade" the 2008 wiretap application.
"Rajaratnam failed to prove that any government representative deliberately deceived" the judge who approved the wiretaps "or had reckless disregard for whether they were deceiving the judge."
Rajaratnam is the central figure in the largest insider-trading case in U.S. history, which has snared 21 people and produced a dozen guilty pleas. If convicted, Rajaratnam faces more than 100 years in prison.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.