Monday, April 25, 2011

Insider Trading Trial: Jury Deliberation Starts on Galleon Case

The closing arguments by the prosecution and defense were made last week and jury deliberation for the insider trading trial of Raj Rajaratnam of the Galleon Group began today.  Two different portrayals of the defendant were made.  The defense said that Raj traded on public information and used the mosaic theory to put together the best trades.  The prosecution said that Raj wanted to "conquer the stock market at the expense of the law."  Here are some links to articles about the case:

Rajaratnam Case Goes to Jury
Jury Starts Deliberation on Galleon Case
Government's Closing Argument
Rajaratnam's Closing Argument

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