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Rajaratnam Appeal May Be Long Shot

Publication Date: 
May 11, 2011
Source: 
Reuters
Author: 
Andrew Longstreth

Professor Robert Weisberg spoke with Reuters' Andrew Longstreth about the likelihood that Raj Rajaratnam will get his conviction on 14 criminal counts of insider trading overturned.

After a jury convicted Raj Rajaratnam of insider trading, his lawyer said he'll be heading to an appeals court. But the legal path for the Galleon Group hedge fund founder may not get any easier.

Rajaratnam faces steep odds in getting his conviction on 14 criminal counts overturned, according to defense lawyers and former prosecutors not involved in the case."

...

"Because judges are really, really rigorous about holding prosecutors to the rules, it is virtually impossible for a defendant to suppress evidence from a federal wiretap," Robert Weisberg, a professor at Stanford Law School, said on Wednesday.