June 20, 2014
Jurors in the New York trial of Rengan Rajaratnam, the younger brother of convicted Galleon Group LLC boss Raj Rajaratnam, have heard over recent days that information sources in the brothers' alleged insider trading conspiracy likely violated corporate secrecy agreements.
June 18, 2014
Former Galleon Group LLC manager Rengan Rajaratnam sought an "illegal edge" by trading on inside tips from his older brother Raj Rajaratnam, the hedge fund's billionaire founder, a New York federal prosecutor said Wednesday at the start of trial.
June 16, 2014
Two government witnesses who helped prosecutors convict Galleon Group LLC founder Raj Rajaratnam are expected to testify again in the upcoming trial of Rajaratnam's younger brother, according to people familiar with the matter.
June 13, 2014
Former Galleon Group LLC manager Rengan Rajaratnam may struggle to overcome the stigma of his big brother Raj's conviction when he goes to trial Tuesday in the latest high-profile test for insider trading prosecutors, experts say.
June 10, 2014
The brother of jailed Galleon Group LLC founder Raj Rajaratnam on Tuesday scored an early victory ahead of his insider trading trial, when a New York federal judge barred the government from introducing evidence of suspect trading of Akamai Technologies Inc. stock.
June 06, 2014
Rengan Rajaratnam, the younger brother of Raj Rajaratnam, may introduce "consciousness of innocence" evidence during an upcoming insider trading trial showing that he voluntarily returned to the U.S. from Brazil to face the charges, a judge ruled Thursday.
May 30, 2014
Jurors in the upcoming insider trading trial of Rengan Rajaratnam, the younger brother of Galleon Group LLC founder Raj Rajaratnam, will not be told that he once worked for scandal-plagued SAC Capital Advisors LP, a New York federal judge ruled Friday.
May 29, 2014
U.S. Attorney Preet Bharara brushed off an accusation that he was unfairly "sandbagging" Rengan Rajaratnam with loads of new evidence just weeks before his insider trading trial begins, saying the evidence was produced in response to the defense counsel's own requests, according to a letter to a New York federal judge on Thursday.
May 23, 2014
An attorney for Rengan Rajaratnam, the younger brother of convicted insider trader and Galleon Group LLC founder Raj Rajaratnam, on Friday accused prosecutors of "sandbagging" his client by introducing sweeping new evidence just weeks before trial.
May 22, 2014
Prosecutors urged a New York federal judge to reject requests by convicted Galleon Group founder Raj Rajaratnam's brother to exclude trial evidence over his alleged role in a scheme to trade on tips from technology industry insiders, saying Wednesday that the evidence is central to the charges.