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This website provides factual information regarding the defense of Mr. Raj Rajaratnam, founder of New York-based hedge fund Galleon Group, with respect to U.S. vs. Raj Rajaratnam; and SEC vs. Galleon Management, LP, Raj Rajaratnam et al.
Visitors of this site are encouraged to return for updates regarding developments in these cases, and to read formal responses to news items that contain inaccurate and / or misleading information about Mr. Rajaratnam.
MAY 11, 2011
STATEMENT OF JOHN DOWD
This is only round one. We are going to take an appeal of this conviction. We started out with 37 stocks and we are down to 14. The score is 23-14 in favor of the defense. We will see you in the second circuit.
Specified Excerpts and Exhibits on 5/9/2011 Tapes
Excerpts from Defense Closing Argument Regarding Goel
(May 9, 2011 – Click Here for Document)
Excerpts from Defense Closing Argument Regarding People Support
(May 9, 2011 – Click Here for Document)
PeopleSupport Closing Demonstrative/Timeline
(May 9, 2011 – Click Here for Document)
Excerpts from Defense Closing Argument Regarding Relevant calls on ClearWire
(May 9, 2011 – Click Here for Document)
Raj Back in Action on Friday
WALL STREET JOURNAL
By Chad Bray
Update: We were perhaps remiss in not mentioning earlier that Rajaratnam’s lawyers have argued that Rajaratnam was already shorting Akamai’s stock at the time of the alleged tip from Chiesi and he continued to short Akamai’s stock because of public information at the time about new competition and pricing pressure the company was facing prior to its earnings announcement in July 2008.
On Thursday, jurors focused on a series of wiretapped phone calls involving Danielle Chiesi, a former analyst and trader at New Castle Partners. They asked to listen to six secretly recorded telephone calls played at trial, including four between Rajaratnam and Chiesi. Chiesi, who pleaded guilty to conspiracy to commit securities fraud in January, allegedly shared nonpublic information with Mr. Rajaratnam about Akamai Technologies Inc. and Advanced Micro Devices Inc.
(Click here for the full article from the Wall Street Journal)
Motion to Acquit (Excerpts)
(April 6, 2011 – Click Here for Document)
3/31 Cross-Examination of Adam Smith Excerpt – (Interview with Attorneys for Mr. Rajaratnam and Galleon)
(March 31, 2011 – Click Here for Document)
3/31 Cross-Examination of Adam Smith Excerpt – (Call with Horowitz about Starent)
(March 31, 2011 – Click Here for Document)
3/30 Cross Examination of Adam Smith Excerpt – (Polaris)
(March 30, 2011 – Click Here for Document)
3/30 Cross Examination of Adam Smith Excerpt – (Interview with Attorneys for Mr. Rajaratnam and Galleon)
(March 30, 2011 – Click Here for Document)
3/30 Cross Examination of Adam Smith Excerpt – (Taped call on Starent)
(March 30, 2011 – Click Here for Document)
3/30 Cross Examination of Adam Smith Excerpt – (Channel Checking)
(March 30, 2011 – Click Here for Document)
LeakCounter 29 OF 36 STORIES PRIOR TO TRIAL ON THE RAJARATNAM CASE WITH SUSAN PULLIAM’S BYLINE CONTAIN HIDDEN SOURCES
RATIO = 81%
For many months the Wall Street Journal has been using hidden government sources in its coverage of the Rajaratnam case by reporter Susan Pulliam. Her stories describe investigative tactics and other information that all but certainly came from the government itself. This approach does a disservice to readers and is the very definition of slanted journalism. Add to that the biased tenor of the coverage and readers would be right to wonder if the Journal is pulling for the government. Accordingly, RajDefense.org is displaying a “LeakCounter” to publicly chronicle Ms. Pulliam’s ongoing collaboration with concealed sources.
