Shutdown Delays Rajaratnam Brother's Insider Trading Case

Law360, New York (October 9, 2013, 7:30 PM EDT) -- The ongoing federal government shutdown has caused delays in the insider trading case against Rajarengan “Rengan” Rajaratnam, the younger brother of jailed hedge fund founder Raj Rajaratnam, a prosecutor said Thursday.

Prosecutors in the Rajaratnam case have been unable to access certain evidence held electronically at U.S. Department of Justice facilities in Virginia, Assistant U.S. Attorney David Miller said at a conference before U.S. District Judge Naomi Reice Buchwald.

Rajaratnam was allegedly part of a sprawling insider trading conspiracy that involved his brother, Galleon Group LLC...
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