Goldman Sachs' Blankfein Says Gupta 'Leaks' Not Allowed

Law360, New York (June 7, 2012, 8:55 PM EDT) -- Goldman Sachs Group Inc. CEO Lloyd Blankfein took the stand again Thursday at Rajat Gupta's insider trading trial, testifying the former Goldman director was not allowed to discuss sensitive board meetings, in an appearance that signals the end of the government's case.

Prosecutors say Gupta passed information from Goldman and Procter & Gamble Co., where he was also a board member, to friend Raj Rajaratnam, a hedge fund founder. Blankfein testified that he regularly briefed board members like Gupta about the firm's profit-and-loss numbers, but never...
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