We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Gupta Win Strengthens DOJ's Hand In Insider Trading Cases

Law360, New York (June 15, 2012, 7:05 PM EDT) -- In convicting former Goldman Sachs Group Inc. director Rajat Gupta of insider trading on Friday, federal prosecutors proved they could ensnare Wall Street's top brass even without their best evidence, a feat that may make defendants in other securities fraud cases less likely to take their chances at trial, experts say.

Prosecutors from the U.S. Attorney's Office for the Southern District of New York convinced a jury that Gupta passed confidential information from corporate board meetings to his friend Raj Rajaratnam, the now-imprisoned hedge fund founder...
To view the full article, register now.
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.