Rajaratnam Trial: For Rajaratnam, a Tense Wait for Jury's Verdict

Summary


NEW YORK (Reuters) - Whether it was sitting on a wooden bench outside the courtroom or huddled with lawyers, all that hedge fund managercould do was wait on the third day of jury deliberations at his insider trading trial.

The 12 jurors were locked in a room on Wednesday [April 27], with Mr. Rajaratnam's fate in their hands. Prosecutors argue that thefounder cheated to gain an unfair advantage in the stock market, while the defense says his trades were guided by a trove of research and public information.

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Rajaratnam Trial: For Rajaratnam, a Tense Wait for Jury's Verdict

Mr. Rajaratnam, 53, who faces up to 25 years in prison if he is convicted on charges of securities fraud and conspiracy,...

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