Hedge Fund Manager’s Motions To Vacate Sentence, Civil Forfeiture Denied

Mealey's (March 7, 2017, 2:32 PM EST) -- NEW YORK — Convicted hedge fund manager Raj Rajaratnam has failed to show that his trial counsel in his criminal proceedings was ineffective by failing to bring certain arguments on appeal of Rajaratnam’s conviction for insider trading, a federal judge in New York ruled March 3 in denying a pair of motions to vacate Rajaratnam’s sentence and civil forfeiture (Raj Rajaratnam v. United States of America, No. 15-5325, related to:  09cr1184, S.D. N.Y., 2017 U.S. Dist. LEXIS 30726)....