[Update] Juror Pulls Out of Rajaratnam Case
It will pretty much mean starting over again
By: Maureen O'Gara
May. 5, 2011 07:15 AM
One of the jurors in the high-profile Rajaratnam case has dropped out for medical reasons and has been replaced by one of the alternates called back in after being dismissed last Monday, CNBC reported Wednesday morning.
It will mean starting over again. Reuters quoted the judge telling the jury, "You must disregard your earlier deliberations and begin your deliberations anew."
The jury was already a week into considering whether hedge fund founder Raj Rajaratnam is guilty of using inside information to make repeated killings in the stock market mostly on brand name high-tech stock.
Last week it asked for a bunch of the telltale government wiretaps to be replayed. The alternate missed the replay.
Rajaratnam is charged with 14 counts of securities fraud and conspiracy. Twenty-six other people have been charged in the case and most of them have pleaded guilty.
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