Gupta Tries To Get Insider Trading Charge Wiped Out

Law360, New York (February 22, 2012, 4:22 PM EST) -- Former Goldman Sachs Group Inc. director Rajat Gupta sought to dismiss one of the six securities fraud counts against him Tuesday, arguing prosecutors had neglected to identify the specific trades he allegedly influenced by sharing inside information with imprisoned Galleon Group founder Raj Rajaratnam.

In a motion and accompanying memorandum, Gupta asks a New York federal court to nix allegations that he tipped Rajaratnam off to a better-than-expected earnings report from Goldman prior to its release in March 2007, prompting the now-disgraced hedge fund manager to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

USA v. Gupta


Case Number

1:11-cr-00907

Court

New York Southern

Nature of Suit

Date Filed

October 25, 2011

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.