United States v. Rajaratnam

MEMORANDUM OPINION AND ORDER

RICHARD J. HOLWELL, District Judge:

On February 9, 2010, the government filed a nineteen-count Superseding Indictment (“Indictment”) against Defendant Raj Rajaratnam (“Rajaratnam”) and Defendant Danielle Chiesi (“Chiesi”). The Indictment charges Rajaratnam, the principal of Galleon Management L.P. (“Galleon”), a New York-based family of hedge funds, with four counts of conspiracy to trade on inside information in which Chiesi is not named; charges Chiesi, an employee of another hedge fund, New Castle Partners, in two insider trading conspiracy counts in which…