Rajaratnam Brother In Plea Talks With DOJ

Law360, Los Angeles (June 3, 2013, 10:15 PM EDT) -- The brother of imprisoned Galleon Group LLC founder Raj Rajaratnam is negotiating with prosecutors on a resolution to his criminal insider trading case, including a possible plea deal, according to a letter between the U.S. Department of Justice and the judge in the case filed Monday.

In March, Rajarengan Rajaratnam pled not guilty to charges that he used confidential information to trade ahead of a $1 billion Intel Corp. deal. Manhattan federal prosecutors claimed the younger Rajaratnam was a member of a sprawling network of insider...
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