Conviction Will Embolden U.S. to Target Wall Street, Experts Say
June 18, 2012
Legal observers contacted after the verdict against Rajat Gupta on June 15 were particularly impressed that the conviction achieved by the Southern District U.S. Attorney's office was based entirely on circumstantial evidence.
U.S. Says Gupta Abused His Role by Providing Tips to Rajaratnam
June 14, 2012
Assistant U.S. Attorney Richard Tarlowe told a jury yesterday there was powerful circumstantial evidence against Rajat Gupta, but defense counsel Gary Naftalis called the prosecution's evidence "a gambit to bamboozle" the jury and "give people the illusion that something was proven when it wasn't."
Defense, Prosecution Offer Arguments as Gupta Trial Begins
May 22, 2012
Rajat Gupta never made a dime from allegedly feeding Galleon Group hedge fund leader Raj Rajaratnam inside information he learned in his positions as a board member at Goldman Sachs and Procter & Gamble, his lawyer told a Southern District jury yesterday. But Assistant U.S. Attorney Reed Brodsky promised the jury it would hear the evidence needed to convict.
Inside-Trading Trial Likely to Feature Tape of Key Call
May 17, 2012
Southern District Judge Jed Rakoff said yesterday he expects to let prosecutors play for jurors the only recording of a call in which Rajat Gupta discussed Goldman Sachs' plans with Raj Rajaratnam.
New Evidence Gives Boost to Gupta Trial Defense
April 20, 2012
A second person within Goldman Sachs was apparently providing inside tips to the same person who Rajat Gupta is accused of tipping.
Gupta Wins One, Loses One as Judge Decides Motions
March 29, 2012
Southern District Judge Jed Rakoff has refused to exclude wiretap evidence from the upcoming criminal insider trial of former Goldman Sachs director Rajat Gupta.
Ex-Goldman Sachs Board Member Faces New Charges
February 1, 2012
Federal prosecutors boosted their case on Jan. 31 against Rajat Gupta, accusing him in a rewritten indictment of participating in additional inside trades that stretched over a two-year period.
Blankfein Can Be Deposed in Civil Case Before Former Goldman Board Member's Criminal Trial
December 1, 2011
U.S. District Judge Jed Rakoff signed an order Tuesday that requires Goldman Sachs chairman Lloyd Blankfein and six others to answer questions related to the civil case brought against Rajat Gupta, who is charged with insider trading.
Former Goldman Board Member Is Charged With Insider Trading
October 27, 2011
Rajat K. Gupta pleaded not guilty yesterday to passing inside information he learned as a board member at Goldman Sachs and Procter & Gamble to Raj Rajaratnam, the Galleon Group hedge fund founder and convicted insider trader.
SEC Drops Administrative Case Against Gupta
August 9, 2011
The SEC has pledged to permanently withdraw administrative and cease-and-desist proceedings against Rajat Gupta for allegedly passing inside information to then-Galleon Group chief Raj Rajaratnam. In return, Mr. Gupta agreed to drop his own suit against the agency to block the administrative case.
U.S. Wins Convictions in Inside Trading Case
May 11, 2011
Devastating wiretap evidence and the testimony of cooperating witnesses led a Southern District jury yesterday to convict Raj Rajaratnam on all 14 counts in the Galleon Group hedge fund insider trading scandal. Mr. Rajaratnam faces a prison term of more than 15 years when he is sentenced by Judge Richard Holwell on July 29, but the judge can go above that range based on a number of factors, including the amount of money involved.