2nd Circ. Won't Rehear Rajaratnam Appeal

Law360, New York (November 18, 2013, 9:07 PM EST) -- The Second Circuit on Monday said it will not rehear the appeal of Raj Rajaratnam, founder of hedge fund management firm Galleon Group LLC, regarding a controversial cellphone wiretap that led to his insider trading conviction and 11-year prison sentence.

The Second Circuit denied Rajaratnam’s request for a rehearing, either by a panel of judges or by the full court. In June, the court upheld a New York federal judge’s decision not to suppress a controversial wiretap on Rajaratnam’s cellphone. The hedge fund boss has argued...
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