Sick? What do you mean sick? A federal judge on Tuesday denied a bid by Galleon Group founder Raj Rajaratnam to set aside his conviction in a closely watched insider-trading case earlier this year, the Wall St Journal informs us.
Federal prosecutors had alleged that the hedge-fund titan actively sought nonpublic information from company insiders and others in order to make profitable trades. Mr. Rajaratnam was convicted of all 14 counts of conspiracy and securities fraud at his insider-trading trial in May...
Read more at http://online.wsj.com/article/SB10001424053111904253204576512723532035188.html?mod=WSJ_business_whatsNews
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