Analyst's Tapes Allowed In Expert Networking Case

Law360, New York (May 12, 2011, 6:43 PM EDT) -- A New York federal judge ruled Thursday that prosecutors can use phone call recordings made by a hedge fund analyst as evidence in an insider trading case against former Primary Global Research LLC consultant Winifred Jiau.

Although he has yet to file a written order, Judge Jed Rakoff said following testimony over the recordings in Manhattan federal court that he will deny the defendant's suppression motion.

"Nothing I've heard in this hearing really dissuades me from the view I've reached," he said, after attorneys completed their...
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