Raj Win Could Net DOJ More Insider Trading Pleas

Law360, New York (May 11, 2011, 11:28 AM EDT) -- The Wednesday conviction of Galleon Group LLC founder Raj Rajaratnam on all 14 securities fraud and conspiracy charges is a huge feather in the U.S. Department of Justice's cap, with the ruling likely to push defendants in other insider trading cases to enter a plea rather than risk losing a trial, experts say.

“I think it acts as a gravitational force pulling them more in the direction of a guilty plea, just psychologically,” said Matthew Levine, a partner at Fish & Richardson PC and the former...
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