Reuters – A sweeping insider trading case that shook the hedge fund world is finally set for trial, with onetime billionaire Raj Rajaratnam fighting to stay out of prison in a courtroom drama over corporate secrets, tapped telephones and friends-turned-government witnesses.
Jury selection in the case against the Galleon Group founder in New York starts on Tuesday. The trial, expected to last up to two months, comes as U.S. authorities push on with other probes into stock trading in the $1.9 trillion hedge fund industry based on leaked company earnings and deals.
