Rajaratnam Appeals Insider Conviction, 11-Year Sentence
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Galleon Group LLC co-founder Raj Rajaratnam filed a notice of appeal of his convictions for running an insider-trading ring, as well as formally notifying the court that he will challenge his prison sentence.
Rajaratnam, 54, was sentenced to 11 years in prison by U.S. District Judge Richard Holwell in Manhattan on Oct. 13, the longest term ever for insider trading. Rajaratnam filed the notice of appeal the same day. It was entered into public court records today.