Law360, New York (May 25, 2012, 8:11 PM ET) -- A former Galleon Group LLC trader testified Friday in the trial of Rajat Gupta, the most prominent defendant ensnared in the government’s insider trading crackdown, that Gupta may have used his role on the board of Procter & Gamble Co. to supply the hedge fund with illegal tips.
Michael Cardillo, a cooperating government witness after pleading guilty to insider trading in January 2011, took the stand for the fifth day of Gupta's trial in Manhattan federal court. He did not mention Gupta by name, but suggested the...
Gupta Likely Source Of P&G Tips, Ex-Galleon Trader Says
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