Galleon’s Rajaratnam faces ‘uphill struggle’ on appeal

Galleon Group’s Raj Rajaratnam, potentially facing almost two decades in prison, will have an “uphill struggle” in seeking to overturn his conviction in the biggest insider-trading trial since the 1980s, a former prosecutor said. The hedge fund co-founder will appeal Wednesday’s verdict to the U.S. Court of Appeals in Manhattan, said his attorney, John Dowd. Dowd failed to persuade the judge last year that prosecutors had intentionally misled the court in their request to wiretap Rajaratnam’s calls.

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Galleon’s Rajaratnam faces ‘uphill struggle’ on appeal

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