Galleon Group founder Raj Rajaratnam’s trades were “consistent” with information that was widely available through research reports or news articles at the time of the investments, an expert witness for the defense testified at the hedge-fund mogul’s insider-trading trial Friday.
Mr. Rajaratnam’s lawyers have argued that his trading and Galleon’s trades were based on a “mosaic” of research and publicly available information, not illegal tips.
Read more: Galleon Trades ‘Consistent’ With Known Information, Witness Says — WSJ.com
