Feds Defend Conspiracy Charge Against Rajaratnam Brother

Law360, New York (April 08, 2014, 2:33 PM ET) -- Prosecutors fired back at the brother of convicted inside trader Raj Rajaratnam on Monday in New York federal court, saying his recent arguments to have a conspiracy count against him dismissed are “demonstrably wrong.”

In a letter to U.S. District Judge Naomi Reice Buchwald, Assistant U.S. Attorneys David Miller and Christopher Frey argued that a conspiracy count against Rengan Rajaratnam could stand because it accused him of a single plot to trade stocks in both Clearwire Corp. and Advanced Micro Devices Inc. based on nonpublic information...
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