Insider trader's lawyers ask NY court to nix case

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Associated Press

Posted on October 25, 2012 at 3:05 PM

Updated Thursday, Oct 25 at 3:05 PM

NEW YORK (AP) — A lawyer for a onetime billionaire serving 11 years for insider trading has asked a New York appeals court to toss out the bulk of the evidence in the case.

Patricia Millett (MIHL'-eht) asked the 2nd U.S. Circuit Court of Appeals on Thursday to overturn Raj Rajaratnam's (RAHJ rah-juh-RUHT'-nuhmz) conviction.

She says the government left vital information out of papers it submitted to get court authority to wiretap Rajaratnam's phone.

Prosecutors relied on the recorded calls to earn a conviction from a jury last year.

Millett says the government had not adequately shown that ordinary investigative techniques had failed.

Government lawyer Andrew Fish told the three-judge panel that the government acted properly to obtain the wiretaps.

The court didn't immediately rule.

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