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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...