Reuters reports that Goldman Sachs Group CEO Lloyd Blankfein and CFO David Viniar could be asked to testify in former board member Rajat Gupta's civil insider-trading case, according to court documents. The Goldman execs are among 10 people "whom we would most want to depose," ahead of trial, Gupta's defense attorney Gary Naftalis said in court papers made public on Monday.
If you remember, Gupta, 62, was charged on October 26 with leaking Goldman boardroom secrets to his friend Raj Rajaratnam, the central figure in a broad U.S. crackdown on insider trading at hedge funds. Besides Rajaratnam, Gupta is the most prominent executive to face insider-trading charges in the case. Gupta faces criminal charges brought by the Justice Department and a civil case filed by the U.S. Securities and Exchange Commission. He is fighting the charges.
The letter, dated November 15, listed Blankfein, Viniar, Goldman Sachs Chief Operating Officer Gary Cohn, Managing Director David Loeb and lead board member John Bryan…
Read more at http://www.huffingtonpost.com/2011/11/22/lloyd-blankfein-rajat-gupta-trial_n_1107252.html?ref=business
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