The lawyer for Galleon Group hedge fund founder Raj Rajaratnam told a jury yesterday that the ex-billionaire traded only on freely available public information when he made the millions the government claims was the result of illegal insider trading.

At the opening of Mr. Rajaratnam’s trial before Southern District Judge Richard J. Holwell, defense attorney John M. Dowd of Akin Gump Strauss Hauer & Feld vowed to hit the charges against his client “head on.” He told the jury that public announcements by companies, investor meetings and public filings will prove without a doubt that the inside tips Mr. Rajaratnam supposedly received were merely pieces of information in plain sight.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]