Prosecutors Must Bolster Galleon Charges: Judge

Law360, New York (July 14, 2010, 4:32 PM EDT) -- A federal judge has ruled that prosecutors must reveal a host of specifics related to the timing and content of insider trading charges against Galleon Group LLC co-founder Raj Rajaratnam and New Castle Partners LLC trader Danielle Chiesi.

Judge Richard J. Holwell of the U.S. District Court for the Southern District of New York on Monday partly granted the defendants’ request that the court require prosecutors to provide a "bill of particulars" offering more information about the evidence behind the government’s allegations.

Citing the scope and...
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