SEC Litigation Release Regarding "Rengan" Rajaratnam Insider Trading Case

The SEC has published a litigation release regarding the March 21 charges against Rajarengan "Rengan" Rajaratnam for his role in an insider trading scheme allegedly spearheaded by his older brother, Raj Rajaratnam, and the hedge fund advisory firm Galleon Management.

As previously reported, the SEC has now charged 33 defendants in its Galleon-related enforcement actions.

Click here to view Litigation Release in full (links externally to SEC website).Related News: "SEC Charges "Rengan" Rajaratnam with Insider Trading" (March 21, 2013), "California Hedge Fund Manager Agrees to $1.8 Million Settlement in Raj Rajaratnam Insider Trading Case" (March 20, 2013) and "SEC Obtains Final Judgment on Consent as to Raj Rajaratnam" (December 27, 2012).