Short Day of Deliberations in Raj Trial

Friday, April 29, 2011

Billionaire Galleon Group hedge fund head Raj Rajaratnam Billionaire Galleon Group hedge fund head Raj Rajaratnam (Spencer Platt/Getty)

After five days of deliberations, a jury has not come to a verdict in the biggest insider trading trial dealing with hedge funds.

The New York federal judge allowed the jury to leave early Friday.

Prosecutors in the trial of Raj Rajaratnam relied on hours of wiretaps, which they say prove that the founder of the Galleon Group hedge fund made millions off of illegally obtained information.

The jury will resume deliberations on Monday at 9:30 a.m.


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