Apparently this is one of the biggest insider trading case in 20 years. I know indians are following this case with extreme interest as it also surrounds Rajat Gupta who is a very big name in indian community because of his philanthropic activities and involvement with IIT.
On it’s own the case is itself interesting because most of the strong evidence against Rajaratnam is in form of wiretaps which is still a questionable medium.
What do you think the outcome will be? Is he going to be acquitted like the Michael Lauer or will be convicted?
http://www.reuters.com/article/2011/04/29/galleon-rajaratnam-betting-idUSN2913186420110429