Gupta Found Guilty Of Insider Trading

Law360, New York (June 15, 2012, 12:31 PM EDT) -- Rajat Gupta, a former director for Goldman Sachs Group Inc., was found guilty Friday of securities fraud for passing information from corporate board meetings to hedge fund founder Raj Rajaratnam.

A federal jury in Manhattan found Gupta guilty of four of six counts he faced. They had deliberated for just more than one day.

Gupta sat expressionless at the defense table as the jury foreman read the verdict. Two of his daughters, who were seated in the front row, began sobbing, while his wife slumped her...
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