Daily Archives: April 29, 2011, 7:57 pm

Jury Heads Home for the Weekend as Day 5 of Rajaratnam Deliberations Ends With No Verdict

Day Five of the jury’s deliberations in the Raj Rajaratnam insider trading trial ended today with no verdict, and the jury headed home for the weekend. According to reporter Courtney Comstock, who has been camped out at the courtroom for five days, the extended deliberations have reportedly left once-confident prosecutors looking “visibly worried” while Rajaratnam’s defense team is starting to…

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Last Week’s FCPA Decision In The Govt’s Favor Is A Limited Setback For Subjects Of Federal Corruption Inquiries

The ruling is not a whole-hearted endorsement of DOJ’s broad interpretation of the FCPA’s definition of “foreign official.” The judge did not rule that employees of state-owned entities necessarily fall within the definition of “foreign official.” Rather, he merely left open the possibility that employees of state-owned entities – depending on the specific facts in play – will be “foreign…

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