Wednesday, 20 August 2014
Last updated 47 min ago
Dec 15 2010 | 1:47am ET
There will be not one, but two, Galleon Group insider-trading trials next year, after a federal judge decided to separate the cases against Galleon founder Raj Rajaratnam and his now-former co-defendant Danielle Chiesi.
Rajaratnam's trial will begin on Feb. 28 with Chiesi's to follow, beginning on April 25. Rajaratnam and Chiesi have long pushed to separate the trials, and U.S. District Judge Richard Holwell ruled partially in their favor last month—while dealing both a much bigger setback when he refused to throw out the wiretaps at the heart of the government's case.
Prosecutors and the two defense teams subsequently struck a deal to separate the trials.
Rajaratnam and Chiesi are at the center of the largest insider-trading case in U.S. history, one that has already produced 14 guilty pleas. Both have pleaded not guilty to the fraud charges; if convicted, the face decades in prison.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note