No separate trials in Galleon case

US prosecutors have opposed a request by accused Galleon fund founder Raj Rajaratnam and his main co-defendant for separate trials in what prosecutors have described as the biggest hedge fund insider-trading case ever in the United States.

Federal prosecutors said Rajaratnam and former New Castle Funds trader Danielle Chiesi engaged in a common plan to obtain inside information from multiple sources and shared and exchanged that information with each other, according to court papers filed in the US District Court in Manhattan.