Jury Picked For Trial Of Rajaratnam Brother

Jun 18 2014 | 8:35am ET

Seven women and five men will decide whether Raj Rajartnam’s younger brother will join him—and every other person convicted in recent years of insider-trading at trial—in prison.

Rengan Rajaratnam’s trial formally opened with jury selection yesterday. Among those picked for the panel were a historian, a sanitation worker, a truck driver and a literary agent.

The younger Rajaratnam is accused of conspiring with his brother to trade shares of two technology stocks in 2008. The elder Rajaratnam, who founded Galleon Group, was convicted of insider trading three years ago and is serving an 11-year prison sentence.

Rengan Rajaratnam’s trial is expected to last two to three weeks, with opening statements today. He faces four counts of conspiracy and fraud—after prosecutors dropped three other counts before trial.

In Depth

Caliber: Making the Most Out of Marketing and Public Relations

Oct 5 2016 | 7:09pm ET

It has never been harder for small to medium-sized alternative investment firms...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...