Fox Business Network: Raj Rajaratnam's Legal Team Will Appeal $92 Million Fine

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FOX Business Network (
FBN
) Senior Correspondent Charlie Gasparino reports that “Raj Rajaratnam's legal team will appeal the $92 million fine” he's been ordered to pay. Gasparino reports, “They will argue it by saying he's worth far less than estimated $1 billion.” Excerpts from the report are below, courtesy of Fox Business Network.
On Raj Rajaratnam's $92 million penalty:
“Raj Rajaratnam's legal team will appeal the $92 million fine. They will argue it by saying he's worth far less than estimated $1 billion and that he was never a billionaire and the estimates of his net worth were wrong.”
Posted In: NewsHedge FundsLegalMediaGeneralRaj Rajaratnam
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