No Verdict On Day Four As Jury Mulls Rajaratnam's Fate

Apr 29 2011 | 1:22pm ET

The jury in the Raj Rajaratnam insider-trading case deliberated for another seven-and-a-half hours yesterday without delivering a verdict.

In contrast to the first three days of deliberations, the panel did not ask for any exhibits or to hear any of the wiretaps at the center of the case replayed. The seven women and five men were to return to court today for as much as three hours of deliberation before breaking for the weekend.

With no news from the jury room, reporters covering the case instead looked to the Galleon Group founder's lead attorney, John Dowd, to pass the time.

Dowd regaled the assembled journalists with stories of some of the trials he's worked on during his long career. At one point, discussing a trial at the old U.S. courthouse next door to the one hosting the Rajaratnam trial, the 70-year-old Dowd asked his chief adversary, 41-year-old prosecutor Reed Brodsky, "Were you even alive then?"

Dowd also explained his decision not to put Rajaratnam, who faces decades in prison if convicted, on the stand.

"There's no sense giving these guys any oxygen to retry their case," he said, referring to prosecutors who could have used a cross-examination of the defendant to hammer home its case.

Dowd also lauded his client, saying that "Raj was a huge resource."

Dowd, who last week said the Rajaratnam trial would be his last, told reporters that "no one is sleeping" and that "it will take me six months to recover from this." Dowd has been working on the case for a year-and-a-half, and said he'd vacation in Cape Cod after the verdict comes down.


In Depth

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of

With NFL season on the horizon, it’s time to take a look at our Fantasy Football value picks. Last year, we nailed it on Drew Brees, Jordan Howard, Frank Gore and Dwayne Allen. We missed pretty badly on Duke Johnson, Demaryius Thomas, Mohammed Sanu and Eli Manning.