Law News
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Raj Rajaratnam began his odyssey through the court system in silence, remaining mute on the day of his insider-trading arrest two years ago. In the end, after choosing not to testify at his trial, he uttered next to nothing as he was sentenced to prison for 11 years.
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The Harrisburg city officials who pushed Pennsylvania’s capital city into bankruptcy this week will have to defeat claims they broke local, state and federal laws to keep the case from being dismissed, lawyers said.
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R. Allen Stanford’s court-appointed receiver may need to stop searching for a secret “pot of gold” and pay defrauded investors from the assets he has recovered so far, the judge overseeing the case said.
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Raj Rajaratnam, the hedge fund manager given the longest sentence for insider trading, may serve that time at a North Carolina prison whose inmates include Ponzi scheme mastermind Bernard Madoff, corporate looter John Rigas and terrorist leader Sheikh Omar Abdel Rahman.
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