United States v. Rajaratnam

Defendant appealed his securities fraud conviction for insider trading. The court held that the district court properly analyzed the misstatements and omissions in the government's Title III wiretap application under the analytical framework prescribed in Franks v. Delaware; the alleged misstatements and omissions in the wiretap application did not require suppression; and the district court's jury instructions on the use of inside information satisfied the "knowing possession" standard. Accordingly, the court affirmed the judgment. View "United States v. Rajaratnam" on Justia Law