NY lawyer: Billionaire accused of insider trading retains attorney John Dowd
By APMonday, October 26, 2009
Billionaire retains prominent Washington lawyer
NEW YORK — A billionaire hedge fund manager charged in a $25 million insider trading case has hired a veteran Washington lawyer.
Jim Walden, who represented 52-year-old Raj Rajaratnam (RAHJ rah-juh-RUHT’-nuhm) in his initial court appearance, said Monday that attorney John Dowd will now represent the portfolio manager. Dowd did not immediately respond to a message seeking comment.
Rajaratnam was charged with conspiracy earlier this month in federal court by authorities who said he and five others made more than $25 million by trading securities based on secret information.
Dowd has represented a federal judge, a former federal prosecutor and two U.S. senators. But he may be best known for his investigation of Pete Rose’s baseball gambling.
