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...
To view the full article, register now.



Case Information

Case Title

USA v. Gupta

Case Number



New York Southern

Nature of Suit

Date Filed

October 25, 2011

Law Firms


Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.