Goldman Board Talks Are Secret, Blankfein Tells Gupta Jury

Law360, New York (June 4, 2012, 9:34 PM EDT) -- Goldman Sachs Group Inc. CEO Lloyd Blankfein testified Monday at the insider trading trial of Rajat Gupta, telling jurors that board meetings Gupta allegedly discussed with hedge fund founder Raj Rajaratnam were supposed to be confidential.

Gupta is accused of passing Rajaratnam information that he learned while he served on the boards of Goldman and The Procter & Gamble Co. The appearance of Blankfein, who also testified for the prosecution at the 2011 trial that led to Rajaratnam's conviction, marks the beginning of the end of...
To view the full article, register now.