Thursday, 29 January 2015
Last updated 54 min ago
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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…