New York, NY: DOAR congratulates Daniel Gitner, Derek Chan, Michael Longyear, and the Lankler Siffert & Wohl LLP trial team for their outstanding defense of Rengan Rajaratnam in a closely watched SDNY insider trading case that is sure to have reverberations throughout the legal community.
On Tuesday, July 8, 2014, after less than 4 hours of deliberations, a federal jury acquitted former Galleon Group LLC manager, Rengan Rajaratnam, of a single conspiracy count, thus ending the government’s five-year winning streak in insider trading cases. During the trial, District Judge Naomi Reice Buchwald rendered multiple telling decisions, including deeming 2 charges insufficient to go to the jury, and the government voluntarily dropped 4 of the remaining counts.
Mr. Gitner presented a strong and compelling defense for Mr. Rajaratnam by accentuating the many differences between him and his brother, Raj; clearly debunking the government’s contentions about Rengan’s alleged actions and knowledge.
One juror, Ms. Miriam Green, said Rengan’s defense team had put forth a stronger case. “They did their homework,” said Green, a retired schoolteacher. “They were very organized.” Ms. Isabel Tirado, the forewoman of the jury and a history professor, said “There was no evidence, period.”
According to lead attorney, Daniel Gitner, “The DOAR team’s insight, experience, and dedication made them an invaluable part of our trial team. This wasn’t the first case in which we relied on them for their strategic support and it certainly won’t be the last.”The case is U.S. v. Rajaratnam, case number 1:13-cr-00211, in the U.S. District Court for the Southern District of New York.
The DOAR team that supported Lankler Siffert & Wohl LLP included Dr. Julie Blackman and Dr. Ellen Brickman, who assisted with jury selection, Stephanie O’Connor, who provided trial presentation support, Maria Obregon and Danis Brito, who prepared theme-driven graphics, Emma Cohen, who prepared daily memos on the events of the trial day, and Andy “Bunky” Cepregi, who managed the overall engagement.