The Wall St Journal reports that prosecutors can play secretly recorded telephone calls with a hedge-fund manager allegedly tipped by former Goldman Sachs Group Inc. director Rajat Gupta at his insider-trading trial later this year, a federal judge has ruled.
Mr. Gupta, a former director at Goldman and Procter & Gamble Co., had argued that federal law doesn't allow wiretaps to be used in insider-trading probes and the secretly recorded calls were improperly obtained by prosecutors.
The wiretaps include conversations from Galleon Group founder Raj Rajaratnam's cellular telephone and were a key component in Mr. Rajaratnam's criminal trial last year. Mr. Rajaratnam, who was convicted ...
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