[JURIST] The US District Court for the Southern District of New York [official website] Tuesday ordered Galleon Group hedge fund founder Raj Rajaratnam [WSJ archive] to pay an unprecedented civil penalty for insider trading. In a thorough analysis of the appropriate amount of the fine, Judge Jed Rakoff handed down a $92.8 million penalty [opinion, PDF] in the culmination of a civil lawsuit against Rajaratnam brought by the Securities and Exchange Commission (SEC) [official website]. The penalty is the largest…