Rajaratnam's Brother Loses Bid To Dismiss Insider Trading Charges - Presented by: The Aol. On Network

Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, lost a bid to dismiss some of the insider trading charges leveled against him last year. U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged. Buchwald agreed that four securities fraud counts were "internally inconsistent" with a conspiracy charge contained in the indictment.



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