The trial was set to resume Monday in Manhattan federal court for Galleon Group founder Raj Rajaratnam. He’s the only one of more than two dozen people charged in the insider trading crackdown to face trial. Nineteen have pleaded guilty.
Rajaratnam was represented in court by seven lawyers as a pool of about 100 potential jurors was questioned by Holwell to make sure they had no personal history or biases that would interfere with their ability to judge the case fairly.
Raj Rajaratnam of New York City was to be introduced Tuesday to some of the prospective jurors in the pool available to hear the case.
A co-defendant of hedge fund operator Raj Rajaratnam pleaded guilty Wednesday to federal charges in a case that has led to an ever-widening probe of insider trading within the securities industry.
The Galleon investigation marked the first time that federal authorities used wiretaps in an insider trading probe.
Rajaratnam has pleaded not guilty. His lawyers have said any trades he executed resulted from information in the public domain.