Motley Rice Defeats Rajaratnam's RICO Suit For Good
By Hailey Konnath (March 26, 2020, 10:35 PM EDT) -- A New York federal judge on Thursday tossed out fraudster Raj Rajaratnam's Racketeer Influenced and Corrupt Organizations Act suit accusing law firm Motley Rice LLC of paying former federal agents for dirt on him, holding that he ultimately failed to allege the firm engaged in a pattern of racketeering activity.
Rajaratnam was a hedge fund manager at the now-defunct Galleon Group before his 2011 conviction for insider trading. In a separate, ongoing suit in New Jersey federal court, Rajaratnam is accused of funding the Liberation Tigers of Tamil Eelam, or the LTTE, a U.S.-designated terrorist group in Sri Lanka. Motley Rice represented...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!