wiretaps

  • 18 Apr 2011 at 2:46 PM

Raj Rajaratnam Defense Rests, Prosecution Has A Few More Tricks Up Its Sleeve

By Bess Levin

Earlier today, Raj Rajaratnam’s 7-man legal team rested its defense of the Galleon founder, accused of insider trading. This unfortunately means that the man of the hour will not take the stand, as some had hoped, but there may be a few more surprises in store. Continue reading »

  • 10 Mar 2011 at 4:39 PM

Raj Rajaratnam: “Should I Buy A Million?” Anil Kumar: “You Cannot Go Wrong- There Will Be Such A Boost From This Announcement”

By Bess Levin

That was one of the conversations played by the prosecution in court today, Day 3 of the Rajaratnam trial. Here was another:

“We know because one of our guys is on the board,” Rajaratnam told his friend, Rajiv Goel, during an Oct. 7, 2008, call. The two men are discussing the acquisition of PeopleSupport Inc. and Rajaratnam is telling Goel that he bought 30,000 shares for Goel’s account, according to the tape.

Incriminating or completely harmless? The government is hoping the jury’s reaction will lean toward the former, but according to the Rajaratnam defense team, the exchange was completely “harmless.” Nothing to see here. Continue reading »

  • 09 Jun 2010 at 12:13 PM

Rajaratnam Seeks Reversal of Wiretap Ruling

By Zachery Kouwe

Attorneys for Raj Rajaratnam have filed a brief to the Second Circuit Court of Appeals seeking to reverse an order compelling them to turn over wiretap evidence to the Securities and Exchange Commission in the Galleon civil case.

The SEC wants the FBI’s wiretap evidence to bolster its civil suit against Raj and the other defendants but, the defendants are resisting, in part, because they say it was obtained illegally and are trying to suppress the evidence in the criminal case.  Continue reading »