Monday, 30 November 2015
Last updated 50 min ago
May 10 2011 | 1:33pm ET
The jurors in the Raj Rajaratnam insider-trading case listened to a dozen more wiretapped conversations involving the Galleon Group founder yesterday, which ended without a verdict.
The panel returned to court today to begin their 11th day of deliberations and fifth since they restarted them after a juror had to be replaced. All told, the reconstituted jury has now listened to two-thirds of the 45 tapes played during the trial.
Yesterday morning, the jury asked to rehear six tapes they had listened to prior to the exit of the juror last week, telling the judge in a note that it was on behalf of their newest member. They followed that up with a request to hear another half-dozen tapes.
All but two of the 12 conversations the jury requested, and all of the first batch, were between Rajaratnam and government star witness Rajiv Goel, a former Intel Corp. analyst who testified that he passed confidential information to his former friend. The conversations dealt primarily with two deals which the government says Rajaratnam used inside information to trade on.
The other two tapes were conversations between Rajaratnam and his brother, Rengan, a former Galleon employee.
Rajaratnam faces decades in prison if convicted.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…