Galleon Insider Trading Trial

Gupta trial: Closet call and promotional fund meetings

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NEW YORK - To convict former Goldman Sachs Group Inc board member Rajat Gupta of insider trading, prosecutors must convince the jury he benefited from his relationship with Raj Rajaratnam, the now-imprisoned hedge fund manager he is accused of tipping.

First wiretap played at Gupta insider-trading trial

NEW YORK - A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets.

23 May 2012

Gupta jury hears competing views of Rajaratnam ties

NEW YORK - Former Goldman Sachs director Rajat Gupta was once on hedge fund billionaire Raj Rajaratnam's "important people" list but excluded from a fantasy football celebration helicopter trip to Atlantic City with other corporate high-flyers.

22 May 2012

Flurry of arguments starts Gupta insider-trading trial

NEW YORK - Former Goldman Sachs director Rajat Gupta "threw away his duties" by divulging bank secrets to hedge fund manager Raj Rajaratnam, a U.S. prosecutor said at the start of Gupta's insider-trading trial on Monday.

Money, 22 May 2012

Galleon prosecutor aims to cement legacy in U.S. Gupta trial

NEW YORK - It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama.

Money 21 May 2012

Galleon prosecutor aims to cement legacy in Gupta trial

NEW YORK - It was during a quiet afternoon in the sixth week of the insider-trading trial of hedge fund billionaire Raj Rajaratnam that prosecutor Reed Brodsky sprang one of those rare surprises usually seen only in the movie version of a courtroom drama.

18 May 2012

Gupta insider trading jury to hear Rajaratnam tapes

NEW YORK - Convicted hedge fund founder Raj Rajaratnam is in prison, but the jurors of a separate insider trading trial of former Goldman Sachs Group Inc and Procter & Gamble Co board member Rajat Gupta will hear his voice in court on FBI wiretaps.

16 May 2012

U.S. wants Gupta insider trading jury to hear Rajaratnam calls

NEW YORK - Prosecutors want the jury in May's insider trading trial of former Goldman Sachs director Rajat Gupta to hear three secretly-recorded phone conversations of Galleon Group hedge fund founder Raj Rajaratnam as evidence of the purported conspiracy between them.

01 May 2012

Gupta loses wiretap ruling, wins on SEC notes

- Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.

27 Mar 2012

Gupta loses wiretap ruling, wins on SEC notes

- Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.

27 Mar 2012
The headquarters of the Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg

Galleon case a new front for SEC?

(Westlaw News) - When the SEC brought charges against former Goldman Sachs director Rajat Gupta in an administrative proceeding -- rather than in federal court -- it signaled a possible new front in the SEC's pursuit of insider-trading cases.  Learn More