Wednesday, March 28, 2012

Gupta grilling for Lloyd


The NY Post reports that Goldman Sachs CEO Lloyd Blankfein must detail his meetings with federal prosecutors and regulators when questioned by lawyers for ex-Goldman director Rajat Gupta, a federal judge ordered yesterday.

Manhattan federal judge Jed Rakoff ruled that Blankfein must submit to another two hours of questioning by Gupta’s lawyers, who deposed him for seven hours last month.
During the earlier deposition, Gupta’s lawyers asked Blankfein if he had met with anyone other than his attorneys in preparing for the deposition. Blankfein said he had met with attorneys from the Securities and Exchange Commission, prosecutors from the Manhattan US Attorney’s Office, which is prosecuting Gupta, and at least one FBI agent. When Gupta’s lawyers asked Blankfein what the feds talked about at those meetings, SEC attorneys objected, saying the discussions are their private “work product.” Yesterday, Rakoff rejected that argument....

Read all about it at http://www.nypost.com/p/news/business/gupta_grilling_for_lloyd_OudktrQupugXkh19OP4KyN

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