2nd Circuit Panel Upholds Rajaratnam Insider Trading Conviction

2nd Circuit Panel Upholds Rajaratnam Insider Trading Conviction

NEW YORK - A Second Circuit U.S. Court of Appeals panel on June 24 affirmed a New York federal court's conviction of former Galleon Group head Raj Rajaratnam on charges that he engaged in a massive insider trading scheme, dismissing all of Rajaratnam's arguments on appeal as unpersuasive (United States of America v. Raj Rajaratnam, No. 11-4416, 2nd Cir.; 2013 U.S. App. LEXIS 12885).

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