SEC Renews Push For Wiretaps In Galleon Fraud Suit

Law360, New York (January 12, 2011, 7:56 PM EST) -- The U.S. Securities and Exchange Commission has made a new plea for immediate access to wiretap recordings from suspected insider trading ring participants Raj Rajaratnam and Danielle Chiesi, who are also facing criminal charges.

The agency filed a memorandum with the U.S. District Court for the Southern District of New York on Tuesday saying it would be unfair to make the SEC wait for the recordings until their criminal trials take place. Rajaratnam's trial, scheduled first, is expected to begin Feb. 28.

"The SEC has already...
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.