Monday, 28 July 2014
Last updated 2 hours ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…