Rajaratnam Loses Last-Minute Wiretap Exclusion Bids

Law360, New York (February 16, 2011, 4:21 PM EST) -- Defense counsel for insider trading defendant Raj Rajaratnam have lost last-minute bids to bar prosecutors from playing at trial wiretap recordings in which alleged co-conspirators purportedly are vague about the sources of inside tips or are fabricating information.

Judge Richard J. Holwell on Wednesday denied several requests from the Galleon Group founder to exclude portions of wiretap evidence from the proceeding, which is scheduled to begin March 8 in the U.S. District Court for the Southern District of New York.

The judge found the evidence generally...
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