Prosecutors waiting for a jury verdict in the trial of Galleon Group LLC’s Raj Rajaratnam may take comfort that four defendants tied to the insider-trading probe that began with him are pursuing plea deals.
Poundland Group Plc, the U.K. discount retailer that plans to sell shares in an initial public offering, will test online sales later this year as it seeks to break into another growth area for shopping.
The insider-trading trial of Galleon Group LLC co-founder Raj Rajaratnam next month is the culmination of U.S. investigations dating back 12 years that involved blind alleys, anonymous tips, wiretaps and a trip into the Tamil Tiger underworld before prosecutors got their man, Bloomberg News’ Patricia Hurtado reports.
Galleon Group LLC co-founder Raj Rajaratnam had a ready answer for every question U.S. regulators put to him about possible insider trading three years ago, Bloomberg News’s David Glovin and Andrew M. Harris report.
The U.S. government rested its case yesterday in a prosecution that may provide a preview of next year’s trial of Galleon Group LLC co-founder Raj Rajaratnam, accused of helping direct the largest-ever hedge fund insider trading scam, Bloomberg News’ David Glovin reports.