Raj Rajaratnam seeks to cut 11-year insider trading sentence | Reuters

Galleon Group hedge fund founder Raj Rajaratnam plans to formally ask a U.S. judge to throw out his 11-year prison sentence and void many of the 14 counts for which he was convicted in his insider trading case.

Rajaratnam, 57, has already served 3-1/2 years of his term following his May 2011 conviction on nine counts of securities fraud and five counts of conspiracy.

via Raj Rajaratnam seeks to cut 11-year insider trading sentence | Reuters