The trial of Raj Rajaratnam for wire and securities fraud, aka insider trading, starts at 9:30 AM this morning at the U.S. Supreme Court in New York City.Press and photographers have already started gathering around the courthouse. Soon, jury members who passed the questionnaire will meet Raj and answer more questions to determine their eligibility to serve.
As soon as the jury is finalised, the prosecution and defence will make their opening arguments (probably at least a day, if not a few days, from now).
We’ll be following along the whole time.
In the meantime, here are a few things you need to know about the Raj trial:
— Both sides are requesting to present the jury the case one way, and they don’t agree on how to do it
— Key to the case against Raj are the recent charges against former Goldman board member Rajat Gupta, who is accused of giving Rajaratnam insider information about Goldman stock
— Because of Rajat Gupta’s involvement, Lloyd Blankfein might testify
— Raj’s lawyer is John Dowd. He’s a likable hardass
— On the prosecution side is Preet Bharara, and winning this case against Raj, who’s the most high profile person the government has charged with insider trading in many years, could make his career