Raj Rajaratnam *Could* Have Made Trades Without Inside Information Says Business School Professor

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On Friday, Gregg A. Jarrell, a finance professor at the University of Rochester's graduate business school, took jurors through a variety of Mr. Rajaratnam's trades, showing chart after chart of information he said he was publicly available before any alleged tips to Mr. Rajaratnam. "In your view, is that information consistent with a reasonably sophisticated investor buying shares of Clearwire in this period?" asked Terence Lynam, one of Mr. Rajaratnam's lawyers, referring to one of the trades at issue. "Yes," Mr. Jarrell said. [WSJ, verdict poll]

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