Indicted Galleon Traders Seek Dismissal

Law360, New York (November 4, 2010, 3:45 PM EDT) -- Five defendants swept up in the alleged Galleon Group insider trading ring have asked a judge to dismiss the government’s case against them, calling the charges a “labyrinthine web” that never firmly establishes criminal conduct.

The defendants also echo Galleon founder Raj Rajaratnam, indicted separately, in questioning investigators’ tactics in employing wiretap evidence against them — the first time such evidence has been used in an insider trading case — according to their dismissal motion filed Wednesday in the U.S. District Court for the Southern District...
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