{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='+4:3 Jury selection begins in trial of hedge fund boss trial' data-url='/boclips/videos/5c54bb11d8eafeecae12243c' data-video-url='/boclips/videos/5c54bb11d8eafeecae12243c' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\n+4:3 Jury selection begins in trial of hedge fund boss trial\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eNew  York City - 8 March 20111. Defendant Raj Rajaratnam arriving at Federal Court in Manhattan, ignoring media questionsNew  York City - 8 March 20112. SOUNDBITE: (English) Professor John Coffee, Columbia Law School:\"Prosecutors need to...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eNew  York City - 8 March 2011\u003cbr/\u003e1. Defendant Raj Rajaratnam arriving at Federal Court in Manhattan, ignoring media questions\u003cbr/\u003eNew  York City - 8 March 2011\u003cbr/\u003e2. SOUNDBITE: (English) Professor John Coffee, Columbia Law School:\u003cbr/\u003e\"Prosecutors need to prove that there was material, non-public information given to Mr. Rajaratanam and that he used that information in trading. Now, in addition, under the Supreme Court's decision in the Durke's case, it's necessary to show that the tipper gave something of value to the tipee for that information.\"\u003cbr/\u003eNew  York City - 8 March 2011\u003cbr/\u003e3. Wide of Federal Court exterior\u003cbr/\u003e4. Mid of Federal Court entrance\u003cbr/\u003eNew  York City - 8 March 2011\u003cbr/\u003e5. SOUNDBITE: (English) Professor John Coffee, Columbia Law School:\u003cbr/\u003e\"I think the jury is going to be mainly impressed by hearing wiretaps. That'll be quite revealing in which employees, directors - others who have learned very significant, confidential business information about a company - are divulging it to Mr. Rajaratnam and it can be shown thereafter that he trades in a matter of minutes.\"\u003cbr/\u003eFILE: New York City - Recent, 2011\u003cbr/\u003e6. Exterior of Goldman Sachs former Headquarters\u003cbr/\u003e7. American flags on the building\u003cbr/\u003eNew  York City - 8 March 2011\u003cbr/\u003e7. SOUNDBITE: (English) Professor John Coffee, Columbia Law School:\u003cbr/\u003e\"Goldman Sachs' CEO, Mr. Blankfein may testify. He's going to be able to say that he told his board of directors about Warren Buffet's investment of 5 (b) billion US Dollars and that only minutes thereafter, there was trading activity in Goldman's stock and the prosecution will be able to show that one Goldman director, Mr. Gupta called Mr. Rajaratnam and appears to have provided that information to him. Now we don't know exactly what is said until we see the trial evidence. But at that point it will look like very dramatic developments that significantly changed the market value of Goldman, were reaching Mr. Rajaratnam within minutes after they were revealed to the Goldman board of directors. That doesn't sound like it was information that was in the public's hands.\"\u003cbr/\u003eNew  York City - 8 March 2011\u003cbr/\u003e8. Close of Rajaratnam entering Federal Court\u003cbr/\u003eJury selection has begun in the New York City trial of a once-powerful hedge fund boss accused of making more than 50 (m) million US dollars by trading secret information in the stock market.\u003cbr/\u003eRaj Rajaratnam was introduced on Tuesday to prospective jurors.\u003cbr/\u003eThe Sri Lanka-born one-time billionaire sat atop the hedge fund world until he was arrested on federal charges.\u003cbr/\u003eHe has pleaded not guilty.\u003cbr/\u003e\"Prosecutors need to prove that there was material, non-public information given to Mr. Rajaratanam and that he used that information in trading. Now, in addition, under the Supreme Court's decision in the Durke's case, it's necessary to show that the tipper gave something of value to the tipee for that information,\" explained John Coffee, professor of Law at the Columbia University.\u003cbr/\u003eThe jury is expected to hear dozens of secretly taped conversations between the founder of the Galleon Group and partners in the hedge fund industry.\u003cbr/\u003e\"I think the jury is going to be mainly impressed by hearing wiretaps. That'll be quite revealing in which employees, directors - others who have learned very significant, confidential business information about a company - are divulging it to Mr. Rajaratnam and it can be shown thereafter that he trades in a matter of minutes,\" professor Coffee said.\u003cbr/\u003eRajaratnam, a New York City resident, has remained free on 100 (m) million US Dollars bail since his October 2009 arrest.\u003cbr/\u003eAuthorities brought charges against two dozen others in the probe.\u003cbr/\u003eNineteen have pleaded guilty.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv 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