June 25, 2024

DealBook: Juror in Rajaratnam Trial Is Replaced

A juror in the insider trading trial of Raj Rajaratnam was replaced on Wednesday and the jury was told to begin its deliberations anew.

Deliberations were suspended on Tuesday so that a juror could undergo a medical procedure. Judge Richard J. Holwell told the court on Wednesday morning that he was excusing that juror for health reasons and appointing an alternate juror.

The jury is now composed of eight women and four men. It had originally started deliberating on April 25.

Mr. Rajaratnam, who ran the Galleon Group hedge fund, faces 14 counts of securities fraud and conspiracy. If convicted, he faces up to 25 years in prison.

Article source: http://feeds.nytimes.com/click.phdo?i=d32421f7101aa5eefea5b772437c4aa2

Speak Your Mind