No, seriously folks….The Wall Street Journal reports that Galleon Group founder Raj Rajaratnam asked a federal judge on Wednesday to set aside his conviction in a closely watched insider-trading case.
Federal prosecutors in Manhattan had alleged that Mr. Rajaratnam actively sought out nonpublic information from company insiders and others in order to make profitable trades, including shares of technology companies Intel Corp., Advanced Micro Devices Inc. and Google Inc.
Mr. Rajaratnam, 53 years old, was convicted by a jury on all 14 counts at his insider-trading trial earlier this month….
Read more at:
http://online.wsj.com/article/SB10001424052702304066504576345533698456442.html?mod=WSJ_markets_liveupdate
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