Raj Rajaratnam, the billionaire founder of Galleon Group, rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps.
Raj Rajaratnam, the billionaire founder of Galleon Group, Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps.
Galleon Group hedge fund founder Raj Rajaratnam attacked a U.S. regulator's lawsuit on Tuesday, denying insider trading charges and saying government wiretaps violated his constitutional rights.
(Reuters) - Galleon Group founder Raj Rajaratnam denies SEC insider trading charges, according to a court filing by his lawyers on Tuesday with the U.S. District Court for the Southern District of New York:
Stocks declined Wednesday as weak demand for today's Treasury auction and a sharp drop in oil prices dragged on the market. A disappointing durable-goods report didn't help either.
Stocks declined Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.
Futures tumbled Wednesday after a report showed a much sharper drop in durable-goods orders than expected. Plus, a sharp selloff in China dragged on oil prices, which also weighed on the market.