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The insider trading scheme that led to the conviction of Raj Rajaratnam claimed another victim today. A New Jersey attorney was disbarred by New York officials for his role in the scandal. And as we heard in our newscast, a court denied requests by two of Rajaratnum’s associates that their own trials be delayed.
US attorney Preet Bharara won Rajaratnam’s conviction in part through wiretap evidence – the first time Federal prosecutors have use a tactic normally reserved for the Mafia.
Larry Tung spoke with Louise Story, who is a financial reporter for the New York Times.
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In establishing a corporation, the owners or incorporators must first address various important things – one of which is drafting by-laws. This set of administrative rules will define or set forth how shareholders, directors and officers should operate. Failure to abide by these regulations will hold them personally responsible. Hence, it is quite important that they fully understand what are stated in the corporation’s by-laws.
William Spearman