Galleon Research, Not Tips, Drove Trades: Defense

Law360, New York (April 12, 2011, 3:30 PM EDT) -- Defense lawyers for Raj Rajaratnam on Tuesday sought to show jurors that the Galleon Group LLC founder was clued in to news about stocks such as ATI Technologies and eBay Inc. by exhaustive research, not inside tips.

Akin Gump Strauss Hauer & Feld LLP attorney Michael Starr, who is representing the hedge fund chief, showed numerous emails and reports in the U.S. District Court for the Southern District of New York pertaining to an acquisition of ATI and layoffs at eBay well before the moves were...
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