First Insider Trading Loss for Manhattan US Attorney | White & Case LLP International Law Firm, Global Law Practice
First Insider Trading Loss for Manhattan US Attorney

First Insider Trading Loss for Manhattan US Attorney

Former hedge fund manager Rengan Rajartnam’s recent acquittal ended Manhattan US Attorney Preet Bharara’s untarnished winning streak of insider trading cases.

"This defense verdict sends a powerful message that juries are willing and able to reach a not-guilty verdict if they don’t believe the government has presented enough evidence to convict," said White & Case partner and former SEC Trial Attorney Greg Little.

Prior to this verdict, the US Attorney’s office secured 85 convictions and it appeared that any case brought before the federal courts would conclude in a guilty verdict.