May 16, 2014
Federal prosecutors have dropped two more securities fraud counts in their insider trading case against Rengan Rajaratnam, the younger brother of convicted Galleon Group LLC founder Raj Rajaratnam, according to a new indictment filed Thursday.
May 13, 2014
Attorneys for Rengan Rajaratnam, the brother of convicted Galleon Group founder Raj Rajaratnam, urged a New York federal judge on Tuesday to exclude wiretapped conversations from a forthcoming insider trading trial for his alleged role in a scheme to trade on tips from technology industry insiders.
May 01, 2014
Federal prosecutors on Thursday dropped two insider trading charges against Rengan Rajaratnam, the younger brother of convicted Galleon Group LLC founder Raj Rajaratnam, two weeks after a New York federal judge expressed serious concerns about the charges.
April 18, 2014
A New York federal judge has refused to dismiss insider trading charges against Rengan Rajaratnam, the younger brother of convicted Galleon Group LLC founder Raj Rajaratnam, according to a ruling made public Friday.
April 08, 2014
Prosecutors fired back at the brother of convicted inside trader Raj Rajaratnam on Monday in New York federal court, saying his recent arguments to have a conspiracy count against him dismissed are "demonstrably wrong."
March 27, 2014
The insider trading case of Rengan Rajaratnam, the brother of convicted Galleon Group founder Raj Rajaratnam, may hinge on a pending Second Circuit case over whether alleged "tippees" must know that tippers disclosed information in exchange for a personal benefit, a New York federal judge said Thursday.
October 09, 2013
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.
June 03, 2013
The brother of imprisoned Galleon Group LLC founder Raj Rajaratnam is negotiating with prosecutors on a resolution to his criminal insider trading case, including a possible plea deal, according to a letter between the U.S. Department of Justice and the judge in the case filed Monday.
May 08, 2013
The brother of imprisoned Galleon Group LLC founder Raj Rajaratnam on Wednesday won a six-month stay of a U.S. Securities and Exchange Commission suit accusing him of insider trading, as he prepares to defend himself from parallel criminal case.