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.


More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by