Galleon's Rajaratnam denies SEC insider trading charges
Galleon Group founder Raj Rajaratnam denies SEC insider trading charges, according to a court filing by his lawyers on Tuesday with the U.S. District Court for the Southern District of New York:
* Rajaratnam denies receiving or trading on basis of material non-public information in securities of Akamai Technologies Inc
* Rajaratnam denies receiving or trading on basis of material non-public information in securities of Google Inc
* Rajaratnam says Galleon analysts' research was more detailed and precise than any information that SEC complaint alleges was purportedly conveyed to him
* Rajaratnam says that in each of stocks where he was accused of insider trading, the information allegedly conveyed to him was already public
* Rajaratnam says did not know and could not have reasonably have known that anyone breached duty of trust or confidence in any discussions he had on stocks at issue
* Rajaratnam says did not provide any benefit to anyone in exchange for any alleged inside information
* Rajaratnam says government use of electronic surveillance in this case violated his constitutional rights
* Rajaratnam accuses government of making materially false statements to court in support of wiretap applications, including that cooperating witness Roomy Khan had not yet been charged with any crimes
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