Gupta Asks 2nd Circ. To Overturn Conviction

Law360, New York (May 21, 2013, 3:13 PM EDT) -- Former Goldman Sachs Group Inc. director Rajat Gupta asked the Second Circuit on Tuesday to overturn his conviction for providing insider information to hedge fund founder Raj Rajaratnam, arguing the jury should not have heard certain wiretaps.

The government had no good basis to play for the jury a wiretapped call in which Rajaratnam tells a subordinate he had a source on the Goldman board, Seth Waxman of WilmerHale told a panel of judges during oral arguments in Manhattan. That purported error and others tainted the...
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