On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
72° Feels Like: 72°
Wind: S 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 65°

Tomorrow

Isolated Thunderstorms 88°

Tues Night

Scattered Thunderstorms 67°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

Galleon's Rajaratnam denies SEC insider trading charges


Galleon hedge fund partner Raj Rajaratnam arrives at Manhattan Federal Court for a bail hearing, November 5, 2009. REUTERS/Brendan McDermid
Galleon hedge fund partner Raj Rajaratnam arrives at Manhattan Federal Court for a bail hearing, November 5, 2009. REUTERS/Brendan McDermid

(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:

* Rajaratnam denies receiving or trading on basis of material non-public information in securities of Akamai Technologies Inc <AKAM.O> Advanced Micro Devices Inc <AMD.N> Clearwire Corp <CLWR.O>

* Rajaratnam denies receiving or trading on basis of material non-public information in securities of Google Inc <GOOG.O> Hilton Hotels, Intel Corp <INTC.O> PeopleSupport, Polycom Inc <PLCM.O>

* Rajaratnam says Galleon analysts' research was more detailed and precise than any information that SEC complaint alleges was purportedly conveyed to him

* Rajaratnam says that in each of stocks where he was accused of insider trading, the information allegedly conveyed to him was already public

* Rajaratnam says did not know and could not have reasonably have known that anyone breached duty of trust or confidence in any discussions he had on stocks at issue

* Rajaratnam says did not provide any benefit to anyone in exchange for any alleged inside information

* Rajaratnam says government use of electronic surveillance in this case violated his constitutional rights

* Rajaratnam accuses government of making materially false statements to court in support of wiretap applications, including that cooperating witness Roomy Khan had "not yet been charged with any crimes"

Comments