Rajaratnam Takes Insider Trading Conviction To High Court

Law360, Wilmington (February 24, 2014, 10:17 PM EST) -- Galleon Group LLC founder Raj Rajaratnam, who is serving an 11-year sentence for insider trading, has asked the U.S. Supreme Court to review a Second Circuit decision that affirmed prosecutors’ use of a controversial cellphone wiretap that led to the hedge fund boss’s conviction.

In a Feb. 18 petition for writ of certiorari, Rajaratnam argued that the net effect of the Second Circuit’s ruling that upheld a New York federal judge’s decision not to suppress the wiretap was “quite remarkable,” since it failed to satisfy the...
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