Jury Chosen for Insider Trading Trial

Markets Reuters

A jury was selected on Wednesday for the criminal trial of Galleon hedge fund founder Raj Rajaratnam in the biggest Wall Street insider trading case in decades.

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The panel of 12 and six alternates will hear opening statements by a U.S. prosecutor and a defense lawyer in Manhattan federal court on Wednesday before the presentation of evidence, including wiretaps, over the next two months.

The case is USA v Raj Rajaratnam et al, U.S. District Court for the Southern District of New York, No. 09-01184.