Monday, October 3, 2011
Raj Rajaratnam wants to keep medical issues a secret before sentencing
According to the AP lawyers for billionaire hedge fund founder Raj Rajaratnam told a judge Monday that he should not unseal arguments about their client’s medical issues before his insider trading sentencing next week because it may set off a “salacious and morbid media feeding frenzy.”
The lawyers acknowledged that they had turned over “sensitive and private information” to the judge along with their request that he be treated leniently at his Oct. 13 sentencing. But they said federal court rules and court precedent in this part of the country dictate that the information should remain confidential.
Prosecutors said last week it was only fair to unseal the information since Rajaratnam was asking for leniency in part on medical grounds from a potential sentence of up to 30 years in prison. “When a defendant makes such arguments, he waives his right to privacy, particularly if those conditions influence the sentence to be imposed in any way,” they said. Rajaratnam’s lawyers disagreed..…
Read more at http://www.washingtonpost.com/business/industries/ny-hedge-fund-founder-asks-court-to-keep-medical-issues-sealed-before-oct-13-sentencing/2011/10/03/gIQAzdNgIL_story.html