Friday, 19 September 2014
Last updated 10 hours ago
Oct 27 2011 | 8:48am ET
Raj Rajaratnam has asked a federal appeals court to allow him to remain free as he appeals his conviction on insider-trading charges and his 11-year prison sentence.
The Galleon Group founder is scheduled to report to prison on Nov. 28. But on Tuesday his lawyers asked the U.S. Court of Appeals in New York to overturn the trial judge's rejection of Rajaratnam's bid to remain free on $100 million bail pending his appeals.
If an appeal "is not for the purpose of delay and 'raises a substantial question of law or fact likely to result' in reversal or a new trial," the courts are required to allow a defendant to remain free. Rajaratnam's lawyers plan to challenge the use of wiretaps at his trial.
Rajaratnam filed a notice of appeal for both his May conviction on 14 counts of securities fraud and conspiracy and his prison sentence, the longest-ever for insider-trading, imposed earlier this month.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.