Gupta Fights Goldman's Bid For $6.8M In Restitution

Law360, New York (October 22, 2012, 10:46 PM EDT) -- Attorneys for former Goldman Sachs Group Inc. director Rajat Gupta on Monday urged a federal judge to reject the investment bank’s motion for $6.8 million in restitution when considering the fast-approaching sentence for his insider trading conviction.

Gupta, who was convicted of passing inside Goldman tips to Galleon Group LLC founder Raj Rajaratnam, has suggested that he perform community service in rural Rwanda instead of going to prison. His sentencing is scheduled for Wednesday.

Defense counsel said the amount sought by Goldman Sachs is largely made...
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