Law

Rajaratnam Will Seek Separate Trial From Chiesi, His Defense Lawyer Says Lawyers for Galleon Group founder Raj Rajaratnam said he will ask a judge in his criminal case to order a separate trial from co-defendant Danielle Chiesi.

Raj Rajaratnam, Danielle Chiesi Charged in New Insider-Trading Indictment Galleon Group LLC founder Raj Rajaratnam and Danielle Chiesi, a New Castle Funds LLC consultant, face new insider-trading charges based on evidence provided to prosecutors by three defendants who pleaded guilty.

Galleon's Rajaratnam, Chiesi Must Surrender Wiretaps, U.S. Judge Says Galleon Group LLC founder Raj Rajaratnam must surrender to the U.S. Securities and Exchange Commission wiretap recordings that he got from prosecutors in his insider-trading case.

Merck to Strengthen Drug Safety, Pay $12.2 Million to Settle Vioxx Suits Merck & Co. agreed to settle shareholder lawsuits over the withdrawn Vioxx painkiller by strengthening its drug-safety procedures, appointing a new chief medical officer and paying $12.2 million in legal fees.

Toyota Seeks to Dismiss Consumer Suit Alleging Electronic Throttle Defects Toyota Motor Corp. is seeking to dismiss a consumer class-action lawsuit over its electronic throttle, saying plaintiffs haven’t suffered any injury and can’t sue.

Fund Manager Stein Sentenced to Nine Years for $46 Million Ponzi Scheme New York hedge-fund manager Edward T. Stein was sentenced to nine years in prison for running a $46 million Ponzi scheme that preyed upon friends and acquaintances.

Bloomberg Law