Rajaratnam Brother Seeks Dismissal Of Insider-Trading Allegations

Feb 10 2014 | 10:32am ET

Rengan Rajaratnam wants to be treated like his older brother, convicted insider-trader Raj Rajaratnam, his lawyers told a court on Friday.

The younger Rajaratnam sought to have the insider-trading charges against him dismissed, arguing that prosecutors failed to allege that his alleged tipsters benefitted personally by passing confidential information. His lawyers note the government was required to show that at Raj Rajartnam's 2011 trial.

"Principles of fairness dictate that Rengan, at a minimum, should be tried under the same standard as Raj," the former's lawyers wrote.

Rengan Rajaratnam was charged last year with conspiring with his brother at Galleon Group to illegally trade shares of two technology companies. He has pleaded not guilty, and is set to face trial on June 17.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note