No Verdict In Rajaratnam Case, Jurors Go Home For Weekend

Apr 29 2011 | 4:29pm ET

Galleon Group founder Raj Rajaratnam will be a free man for at least one more weekend, after jurors failed to reach a verdict today, their fifth day of deliberations.The jury deliberated for three hours today before breaking for the weekend. The shortened session was due to juror commitments.

For the second straight day, jurors submitted no notes to the judge and asked to review no evidence. During their first three days of deliberations, jurors sought documents presented by the defense and listened to 15 of the 45 wiretaps played during the case.

Jurors will return to court on Monday to continue their debate on Rajaratnam's fate. Rajaratnam faces 14 counts of securities fraud and conspiracy and faces decades in prison if convicted.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

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

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of