Defendants in Galleon insider-trading case plead not guilty

12/22/2009 | Reuters

Galleon Group founder Raj Rajaratnam and co-defendant Danielle Chiesi pleaded not guilty to securities fraud. Assistant U.S. Attorney Joshua Klein said the insider-trading trial likely will last a month. Klein asked District Judge Richard Holwell to schedule a June or July date for trial, but Holwell said he was not ready to set a firm date.

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