Raj Rajaratnam

Raj Rajaratnam was found guilty yesterday of insider trading on companies like AMD (NYSE: AMD). Rajaratnam was convicted on all 14 counts of securities fraud and conspiracy against him. According to sources close to the situation, the $9 billion American International Group (NYSE: AIG) stock sale...

Bloomberg has been at the front of today's news of the Rajaratnam guilty verdict across all of its news and multimedia platforms, from Bloomberg News breaking the verdict, to Bloomberg Law's legal analysis to Bloomberg Television's commitment to providing in depth coverage throughout the day. We...

Despite the guilty verdict, Raj Rajaratnam is somewhat of a free man, at least for the time being. He will be under house arrest with electronic surveillance until sentencing on July 29. Was this the appropriate punishment for the former hedge fund manager? “Well, it should have been more severe...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports that the conviction Raj Rajaratnam on charges of securities fraud and conspiracy is being used by the Federal Bureau of Investigation (FBI) as “as a starting point for plea deals in the future.” Sources tell Gasparino that...

If he ever gets out of whatever white-collar country-club prison he'll spend the next twenty years in, you should definitely hit Raj Rajaratnam up for a friendly game of poker. The odds are good that you'll be able to take whatever remains of his wealth in just a few hands. Despite all his power,...

Raj Rajaratnam Guilty On All Counts

It looks like there is a new face over at Fox Business Network. Specifically, Diane Macedo has taken over for Connell McShane as the business news reader on the Imus in the Morning program. An FBN spokesperson confirmed the move to Benzinga. Macedo previously held the position of news editor at...

The jury deliberating the Raj Rajaratnam case is hearing another dozen wiretapped conversations, as the jury tries to decide whether Rajaratnam is guilty or not. Most of the wiretaps are of Rajaratnam and Rajiv Goel, a former executive at Intel (NASDAQ: INTC). The conversations being discussed...

The jury has restarted to discuss whether Raj Rajaratnam is guilty or not, after one of the original jurors was dismissed for medical reasons, writes Bloomberg. The jury is now eight women and four men, and the replacement juror is a a 39-year-old employee of the Westchester, New York, parks...

The insider trading case of billionaire Raj Rajaratnam who has been charged with 14 counts of securities fraud and conspiracy in lower Manhattan federal court is now in the hands of a jury, which has been deliberating since Monday. The government claims that Mr. Rajaratnam obtained over $60...

In a tweet from Fox Business Network's Charlie Gasparino, the consensus running around the courtroom is that Raj Rajaratnam will be found guilty of insider trading. The only people who don't believe this are Rajaratnam himself, and his defense attorney's.

The U.S. Justice Department is inquiring into whether a takeover of the NYSE Euronext (NYSE: NYX) by the Nasdaq (NASDAQ: NDAQ) would affect competition in equity listings. The insider trading case of Raj Rajaratnam is closing today, and the jury will decide Rajaratnam's fate. Rajaratnam has been...

Fox Business Network (FBN) Senior Correspondent Charlie Gasparino speaks with former SEC Attorney Elizabeth Nowicki about the criminal trial of Galleon Group LLC co-founder Raj Rajaratnam for insider trading. Sources close to Raj Rajaratnam's legal team tell Gasparino Rajaratnam “has no plans to...

A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses. Jury selection in the case against...

Rajat Gupta is stepping down from the Procter & Gamble (NYSE: PG) board. This comes after Gupta was charged by the SEC for insider trading, by providing Raj Rajaratnam information on Goldman Sachs (NYSE: GS) and Procter & Gamble (NYSE: PG) that was not public.