Daily Archives: May 26, 2011, 9:05 pm

Rajaratnam’s Lawyers Seek To Set Aside Conviction

On Wednesday, John Dowd, Rajaratnam’s lawyer, renewed his request originally made after prosecutors rested their case to acquit him of all charges. Dowd also asked the judge to dismiss one conspiracy count and four securities-fraud counts…. Such post-trial motions–known as Rule 29 motions–are rarely successful, but are one of the steps available for defense attorneys to challenge a conviction at…

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S.E.C. Adopts Final Rules for Whistleblowers

The new rules provide for payment of 10 percent to 30 percent of the collected amount when the sanctions imposed by regulators exceed $1 million. In determining the size of the reward, the agency can take into account the value of the tips offered and a whistle-blower’s cooperation with the company’s internal notice program. The changes from the original proposals,…

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