Thanks to Anne Tucker for the pointer to these recaps:
NYT's Dealbook, WSJ, and WSJ's MarketBeat (compares Rajaratnam possible sentence with those of other Wall Street convicts). An annotated copy of the original criminal complaint against Raj Rajaratnam is also available here: Download Raj-Rajaratnam-Galleon-Criminal-Complaint-in-Plain-English
The latter is especially good for lay readers. I wish I'd thought of doing something like it.