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Rajaratnam seeks rehearing before 2nd Circuit

Court upheld ex-Galleon Group co-founder’s conviction one month ago

Two years after he was convicted of insider trading, Raj Rajaratnam is still trying to clear his name.

Yesterday, Rajaratnam, who in 2011 was sentenced to 11 years in prison for masterminding one of the biggest insider trading schemes in history, asked the 2nd Circuit to rehear his case just one month after it upheld his conviction.

Ashley Post

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