Rengan Rajaratnam Talks to SEC About Settling Civil Case
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Rengan Rajaratnam, acquitted of criminal insider trading charges this month, is seeking more time to talk to the U.S. Securities and Exchange Commission to resolve civil claims by the agency.
Regulators and Rajaratnam, the younger brother of convicted inside trader Raj Rajaratnam, asked U.S. District Judge John G. Koeltl in Manhattan in a letter today to extend a postponement of the SEC’s case by 60 days “to discuss resolving the pending litigation.” Koeltl put the SEC case on hold in December to allow time for Rajaratnam’s criminal trial to conclude.