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Tuesday, July 8, 2014
Federal judge dismisses two counts against Rengan Rajaratnam in insider trading trial
[JURIST] A judge for the US District Court for the Southern District of New York [official website] on Tuesday dismissed two securities fraud counts against Rengan Rajaratnam, the brother Raj Rajaratnam [JURIST news archive], the founder of the now defunct Galleon Group [JURIST news archive]. US District Judge Naomi Reice Buchwald ruled [Reuters report] that a reasonable jury would not be able to find that the former fund manager traded stock in the technology company Clearwire Corp. (now owned by...
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