John Dowd

As some of you may recall, back in June we informally crowned Raj Rajaratnam’s attorney John Dowd lawyer of the year. Dowd responded to what he deemed an unfair article in the Wall Street Journal by telling the reporter “This is the worst piece of whoring journalism I have read in a long time,” asking “How long are you going to suck [U.S. Attorney for the Southern District of New York] Preet’s teat?” and concluding thusly “Preet is scared shitless he is going to lose this case so he feeds his whores at the WSJ. What a disgrace for an otherwise great paper.” He told CNBC “Get the fuck out of here. That’s what I’ve got for CNBC” when asked if he wanted to give a comment. And on the steps of the courthouse, he declared the Raj guilty verdict a “23-14″ victory for the defense. If anyone was to find themselves in some kind of legal trouble, be it of the insider trading variety or otherwise, he was the guy you wanted in your corner. Unfortunately, according to Dowd, the Galleon case was his last. And he’s truly not to be coaxed out of retirement, we’d like to suggest an alternative for your go-to legal counsel. He may not be versed in securities laws, but he’s got the fire inside him. Read more »

Back in May, Rengen Rajaratnam, little brother of Raj, made a simple request. For friends of the Galleon founder to send character letters to the judge in an effort to convince him to be lenient in sentencing. Rengen helpfully included some links on the proper formatting to use when drafting such missives and considering all the lives Raj had touched, it shouldn’t have proved too difficult a task. Was it so much to ask that people recall, for instance, the tears of joy he brought to their eyes when he paid an employee to allow herself to be tased? Or the midget gags? Apparently yes because his legal team has been forced to turn to plan B: breaking the news that Raj is dying of a disease the likes of which you can’t even imagine. Read more »

Toward the end of the Raj Rajaratnam trial, the Galleon founder’s lead attorney John Dowd told reporters this would be his last case, noting that defending alleged insider traders is “a young man’s game.” At the time, we didn’t think it any great loss. But after he was asked by a CNBC camera crew if he wanted to give a comment and told them “Get the fuck out of here. That’s what I’ve got for CNBC,” we started to wonder if perhaps we’d been wrong to let him go without a fight, a feeling that only grew when, following Raj’s guilty verdict, Dowd declared the outcome a “23-14″ victory, for the defense. Then this morning we read the email he fired off to a Wall Street Journal reporter whose coverage of the Galleon trial Dowd believed was slanted in favor of the prosecution and have decided there is no way in “sucking Preet’s teet” hell we can allow this guy to bid us adieu just yet. Read more »

“We started out with 37 stocks, we’re down to 14,” defense attorney John Dowd said today after his client was found guilty on 9 counts of insider trading and 5 counts of conspiracy. “The score is 23 to 14 for the defense. We’ll see you in the Second Circuit.” Read more »

As previously mentioned, the jury on the Raj Rajaratnam insider trading trial are expected to begin deliberating today. While the Galleon founder is, of course, innocent until prove guilty, much of the evidence brought by the prosecution has made him look not so good, including but not limited to recordings of Raj complimenting Danielle Chiesi on how she “played” a tech exec into giving her material non-public information and one of him telling a friend he knew to buy shares of a company because “one of our guys is on the board,” as well as testimony from former McKinsey exec, Anil Kumar, that Raj paid him $1 million for his tip about AMD’s acquisition of ATI and the previously undisclosed fact that the defense’s big witness, Richard Schutte, was gifted with a $15 million investment in his hedge fund by the Rajaratnam family two weeks prior to speaking glowingly of Raj.

Having said that, Raj’s lead attorney, John Dowd, knows the men and women of the jury will be ‘fair’ (i.e. find his client not guilty), because 1. Every witness brought by the prosecution is a liar, especially that Anil Kumar guy and 2. He wouldn’t have picked them if they weren’t so awesome. Read more »

Earlier this morning, Raj Rajaratnam’s 7-man legal team led by attorney John Down gave its final remarks in the insider trading case. While the Galleon founder is, of course, innocent until prove guilty, much of the evidence brought by the prosecution has made him look prettay prettay prettay bad, including but not limited to recordings of Raj complimenting Danielle Chiesi on how she “played” a tech exec into giving her material non-public information and one of him telling a friend he knew to buy shares of a company because “one of our guys is on the board,” as well as testimony from a former McKinsey exec that Raj paid him $1 million for his tip about AMD’s acquisition of ATI and the previously undisclosed fact that the defense’s big witness, Richard Schutte, was gifted with a $15 million investment in his hedge fund by the Rajaratnam family two weeks prior to speaking glowingly of Raj. How did Dowd explain all that in his wrap-up? It’s pretty simple, really. Everyone who said something that suggested his client was guilty is a liar. Read more »

Kumar was just doing “consulting” work for Raj, okay? Read more »