Rajaratnam Loses Some Battles On Jury Instructions

Law360, New York (April 19, 2011, 8:03 PM EDT) -- A New York federal judge on Tuesday rejected some of accused insider trader Raj Rajaratnam's proposed jury instructions, including allowing jurors to consider whether sensitive information may have already been built into stock prices before announcements.

In a closed-door session in Manhattan federal court, Judge Richard J. Holwell denied the requested instructions concerning so-called impounding of alleged inside information, which was a concept espoused by expert witness for the defense, University of Rochester economics professor Gregg A. Jarrell.

The results were later reported in open court...
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