javascript:void(0)

Monday, 20 April 2015

Supreme Court rejects Rajat Gupta's insider trading appeal

Rajat Gupta departs Manhattan Federal Court after being sentenced in New YorkBy Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday left intact the 2012 insider trading conviction of former Goldman Sachs Group Inc  director Rajat Gupta. Gupta is the highest-ranking corporate official to be convicted in the U.S. government's multi-year probe of insider trading in the hedge fund industry. The high court rejected Gupta's appeal of a March 2014 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that had upheld his conviction. The government used wiretap evidence to show that Gupta leaked news about Goldman's finances, including a crucial investment by prominent investor Warren Buffett's Berkshire Hathaway Inc, by phone to Galleon Group hedge fund founder Raj Rajaratnam.




from Business News Headlines - Yahoo! News http://ift.tt/1JmiOyf
via IFTTT

No comments:

Post a Comment