SEC May Have To Cough Up Notes In Gupta Case

Law360, New York (February 16, 2012, 7:04 PM EST) -- The judge overseeing the criminal and U.S. Securities and Exchange Commission insider trading cases against former Goldman Sachs Group Inc. director Rajat Gupta hinted Thursday that he might order the SEC to let the defense see its notes.

U.S. District Judge Jed S. Rakoff said he was troubled that the SEC could withhold so-called Brady material, potentially exculpating information that criminal prosecutors must turn over to defendants.

Gupta, who sat on the boards of Goldman and The Procter & Gamble Co., allegedly gave tips to his...
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