Jury Begins Weighing Rajaratnam's Fate

Law360, New York (April 25, 2011, 1:19 PM EDT) -- The fate of accused insider trader Raj Rajaratnam is in the hands of a jury after a New York federal judge allowed deliberations to begin in the Galleon Group LLC founder's trial Monday afternoon.

U.S. District Judge Richard J. Holwell spent roughly an hour and a half delivering instructions to jurors in their weighing of the 14 charges against the hedge fund chief, advising them to start by assuming Rajaratnam has “a clean slate.”

Prosecutors alleged that the 53-year-old Rajaratnam made about $53.8 million and avoided...
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.