May 31, 2012
Goldman Sachs Group Inc. CEO Lloyd Blankfein will be called to testify at the insider trading trial of his former colleague Rajat Gupta, a prosecutor said Thursday.
May 30, 2012
A defense lawyer on Wednesday made efforts to distance Goldman Sachs Group Inc. director Rajat Gupta from allegations of insider trading, suggesting that Raj Rajaratnam, the hedge fund founder to whom he allegedly passed tips, often boasted about phony corporate sources.
May 29, 2012
The defense team representing former Goldman Sachs Group Inc. director Rajat Gupta in his insider trading trial attacked a key prosecution witness Tuesday, forcing him to admit to his own criminal past.
May 25, 2012
A former Galleon Group LLC trader testified Friday in the trial of Rajat Gupta, the most prominent defendant ensnared in the government's insider trading crackdown, that Gupta may have used his role on the board of Procter & Gamble Co. to supply the hedge fund with illegal tips.
May 24, 2012
Prosecutors continued to build their insider trading case against Rajat Gupta on Thursday, deploying two wiretapped phone calls featuring convicted hedge fund manager Raj Rajaratnam alluding to tips he had allegedly received from the former Goldman Sachs Group Inc. director.
May 23, 2012
Jurors in the insider trading trial of Rajat Gupta heard the former Goldman Sachs Group Inc. director's voice for the first time Wednesday when prosecutors played a key wiretap recording of him describing a Goldman board meeting to Raj Rajaratnam.
May 22, 2012
Raj Rajaratnam took a call from a number linked to Goldman Sachs Group Inc.'s Rajat Gupta only minutes before Rajaratnam beat the market by buying ahead of Warren Buffett's investment in Goldman, his ex-assistant testified Tuesday at Gupta's insider trading trial.
May 21, 2012
Former Goldman Sachs Group Inc. director Rajat Gupta abused his position as the "ultimate corporate insider" by providing illicit tips to hedge fund founder Raj Rajaratnam, prosecutors said Monday, launching a long-anticipated insider trading trial.
May 18, 2012
Former Goldman Sachs Group Inc. director Rajat Gupta will go on trial Monday on charges of insider trading, counting on a circumstantial government case and a once-sterling reputation to pull off a big-- but not impossible-- win.
May 17, 2012
Goldman Sachs Group Inc. CEO Lloyd Blankfein, investor Warren Buffett and Raj Rajaratnam's ex-secretary are among those who may be called to testify at the upcoming insider trading trial of former Goldman director Rajat Gupta, lawyers in the case said Thursday.