Thursday, 7 May 2015
Last updated 14 hours ago
Jul 18 2014 | 11:12am ET
Following Rengan Rajaratnam’s acquittal on insider-trading charges earlier this month, the Securities and Exchange Commission is not eager to follow in prosecutors’ footsteps up the courtroom steps—and Rajaratnam himself isn’t especially eager for a reprise engagement.
Both sides have asked a federal judge for an extra two months’ delay in the civil case, brought alongside the criminal case against Galleon Group founder Raj Rajaratnam’s younger brother. The SEC and Rajaratnam’s lawyers are discussing a settlement.
Rajaratnam became the first person in the last five years to be acquitted of insider trading charges when a jury found that he had not conspired with his brother, who is serving an 11-year sentence. The SEC’s allegations—that he earned more than $3 million trading on confidential information—mirrors those of the criminal case, but the regulator has a lower burden of proof in a civil trial.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…