Gupta Prosecutors Make New Insider Tipping Claim

Law360, New York (April 10, 2012, 7:58 PM ET) -- Prosecutors on Tuesday added an allegation to their insider tipping case against former Goldman Sachs Group Inc. director Rajat Gupta, filing a so-called bill of particulars that ties him to a new Procter & Gamble Co.-related tip.

New York federal prosecutors say Gupta provided information about a P&G sales growth forecast to alleged co-conspirator Raj Rajaratnam, the Galleon Group LLC founder who was found guilty of insider trading last year.

The new alleged P&G tip relates to an "organic sales growth" forecast for the October to...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers