Loss Raises Questions Over Defense Strategy in Galleon Case

Mr. Dowd’s closing argument was one of many components of Mr. Rajaratnam’s ultimately failed defense strategy. Many moves by the defense team and Mr. Rajaratnam are now likely to be evaluated, including the selection of a largely working-class jury in a case involving a billionaire, his choice not to take the stand, Mr. Dowd’s often-combative style, and the overarching attempt to convince jurors that the hedge-fund titan only relied on publicly available information in the face of recordings to the contrary.

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