Feb 25 A federal judge on Monday ordered former
Goldman Sachs Group Inc director Rajat Gupta to reimburse
$6.22 million to the bank to help cover its legal expenses
related to his criminal insider trading case.
Goldman had sought to recover $6.91 million from Gupta, and
U.S. District Judge Jed Rakoff said the bank had proved it was
entitled to 90 percent of what it requested.
Gupta is appealing his June 15, 2012 conviction and two-year
prison term for leaking boardroom secrets to Raj Rajaratnam, the
hedge fund manager at the center of a multi-year U.S. government
crackdown on insider trading.