Galleon Case Wiretaps Upheld
Galleon Group founder Raj Rajaratnam has lost his motion to suppress wiretaps.
Thousands of conversations between Mr. Rajaratnam and more than 130 colleagues, employees, friends and family were secretly recorded by federal agents over a nine-month period in 2008.
The Judge did sever some of the conspiracy counts:
Mr. Rajaratnam and Ms. Chiesi are among 24 people charged criminally in a broad probe into insider trading on Wall Street. So far, 14 people have pleaded guilty in the case.
|< First Hedge Fund Arrest Made | Wednesday Afternoon Open Thread >|