Co-Defendant Seeks Severance From Rajaratnam Trial

Law360, New York (March 12, 2010, 6:48 PM EST) -- Former New Castle Funds LLC employee Danielle Chiesi is seeking to distance herself from the massive insider trading case against hedge fund billionaire Raj Rajaratnam, asking a federal judge to grant her a separate trial on the grounds that they have been jointly charged in just one of several conspiracy counts.

Chiesi's lawyers said trying her case together with Rajaratnam's “would visit irremediable, prejudicial spillover” on her and deny her of her right to a fair trial, according to a filing Friday in the U.S. District...
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