March 27 Former Goldman Sachs Group Inc
director Rajat Gupta on Tuesday lost his bid to suppress wiretap
evidence from his upcoming trial on insider trading charges.
Gupta, a former chief of consulting firm McKinsey & Co, also
lost his bid to have part of the government's criminal case
against him thrown out.
Both rulings were issued by U.S. District Judge Jed Rakoff.
Gupta is the highest-ranking corporate executive charged in
the government's broad-based insider trading probe.
Prosecutors accused him of passing tips to Galleon Group
hedge fund founder Raj Rajaratnam, who is now serving an 11-year