Hedge fund operator Rajaratnam pleads not guilty
US Legal News
Wealthy hedge fund operator Raj Rajaratnam and a codefendant pleaded not guilty Monday to charges they were major players in a scheme that used inside information to make stock trades that generated millions of dollars in profits.
Prosecutors, who have described the case as a "wake up call for Wall Street," promised to hand over to defense attorneys 100 hours of intercepted phone calls made over eight months that they say implicate the defendants.
Rajaratnam and Danielle Chiesi entered their pleas before U.S. District Judge Richard Holwell in Manhattan to an indictment returned last week in a $52 million insider trading case that has resulted in charges against 21 people.
Assistant U.S. Attorney Josh Klein asked Holwell to set a trial date in June or July but defense lawyers balked, saying it would take months to review the audio tapes of telephone conversations between the defendants.
Holwell declined to set a trial date but said he may eventually agree with prosecutors and schedule a summer trial. Klein also said evidence against the defendants includes post-arrest statements.
Related listings
-
Kansas gov to propose tobacco tax increase in 2010
US Legal News 12/23/2009Gov. Mark Parkinson will propose increasing Kansas' tobacco taxes next year, a spokeswoman said Wednesday.The Democratic governor's plan is likely to face strong opposition in the Republican-controlled Legislature, although the Senate's top leader sa...
-
Lingle: Use hotel tax money for state budget
US Legal News 12/22/2009Faced with a $1.2 billion budget gap, Gov. Linda Lingle on Monday proposed the state take about $100 million in hotel taxes from Hawaii's four counties next year and delay the payment of some personal and corporate income tax refunds.The governor's s...
-
Pittsburgh won't tax tuition; nonprofits to donate
US Legal News 12/21/2009Pittsburgh officials shelved an idea for a first-of-its-kind tax on college tuition after two universities and a nonprofit health insurer agreed on Monday to make large contributions to the city.Mayor Luke Ravenstahl hopes the contributions from the ...
Is Now the Time to Really Call a Special Education Lawyer?
IDEA, FAPE, CHILD FIND and IEPs: The Individuals with Disabilities Education Act (IDEA) guarantees all children with disabilities to a free appropriate public education (FAPE). FAPE starts with a school’s responsibility to identify that a child has a disability (Child Find) and create an Individualized Education Program (IEP) to suit the needs of the child. Parents need to be persistent, dedicated and above all else aware of the many services and accommodations that their child is entitled to under the law. As early as this point within your child’s special education, many parents will often find themselves in the situation asking, “is now the time to really call a special education lawyer.” Here are a few things to consider when asking yourself that question.