The defense will likely call upon forensic accountants or economists to show that any alleged inside information was already in the public domain, that the so-called tips were baked into the stock price before Rajaratnam made his trades, and that Rajaratnam didn’t enjoy any outsized benefit from making the trades when he did. Dowd’s witnesses could make compelling arguments that prosecutors are misinterpreting a complicated tangle of events, numbers, and data points.
‘Enforcement 40’ for 2020
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