Rajaratnam, Chiesi Argue For Separate Trials

Law360, New York (June 23, 2010, 4:54 PM EDT) -- Lawyers for Galleon Group LLC co-founder Raj Rajaratnam and New Castle Partners LLC trader Danielle Chiesi argued Wednesday that prosecutors have unfairly lumped together allegations of the defendants' insider trading and asked to separate the cases.

Rajaratnam's lawyer Terence J. Lynam, of Akin Gump Strauss Hauer & Feld LLP, told Judge Richard J. Holwell on Wednesday in the U.S. District Court for the Southern District of New York that there is no evidence the Galleon founder and Chiesi knew of each other's schemes.

"What the government...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.