Rajaratnam Judge: Wiretaps in Insider Trading Cases are "Radical"

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March 12 (Bloomberg Law) -- Richard Holwell, who presided in Manhattan federal court over the insider trading trial of Galleon Group co-founder Raj Rajaratnam, tells Bloomberg Law's Lee Pacchia that the FBI's recent announcement that it is investigating 120 individuals for insider trading is evidence that wiretaps are behind the big rise in investigations. The decision to widely use wiretaps in business crime cases is "a radical decision" by prosecutors, given it raises concerns regarding privacy rights, he says. He recently left the See more +
March 12 (Bloomberg Law) -- Richard Holwell, who presided in Manhattan federal court over the insider trading trial of Galleon Group co-founder Raj Rajaratnam, tells Bloomberg Law's Lee Pacchia that the FBI's recent announcement that it is investigating 120 individuals for insider trading is evidence that wiretaps are behind the big rise in investigations. The decision to widely use wiretaps in business crime cases is "a radical decision" by prosecutors, given it raises concerns regarding privacy rights, he says. He recently left the bench to become a founding partner at Manhattan's Holwell, Shuster & Goldberg LLP. See less -

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