Rajaratnam Lawyer Challenges Kumar on Insider Tips, Payments
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Anil Kumar, the former McKinsey & Co. partner testifying for the government against Raj Rajaratnam, was challenged by a defense lawyer over his claims that he gave the defendant inside tips including earnings information for Advanced Micro Devices Inc. and planned employee firings at EBay Inc.
John Dowd yesterday cross-examined Kumar for a second day in Rajaratnam’s insider-trading trial in Manhattan federal court. Kumar has pleaded guilty to leaking tips to Rajaratnam, including AMD’s planned acquisition of ATI Technologies Inc. in