Wednesday, January 4, 2012

Gupta Lawyers Seek to Keep Wiretaps Out of Insider Case


Lawyers for a former Goldman Sachs Group Inc. director accused of insider trading have asked a federal judge to bar prosecutors from playing at his trial secretly recorded phone conversations of a hedge-fund manager he allegedly tipped, according to the Wall St Journal

The motions to suppress wiretaps of former hedge-fund titan Raj Rajaratnam were filed late Tuesday by lawyers for Rajat Gupta, a former board member at Goldman and Procter & Gamble. Mr. Gupta also asked in a separate motion Tuesday that the charges against him be dismissed.

Federal prosecutors in Manhattan have alleged that Mr. Gupta shared inside information with Mr. Rajaratnam…

Read more at http://online.wsj.com/article/SB10001424052970203513604577140590137117710.html?mod=WSJ_hp_LEFTWhatsNewsCollection

No comments:

Post a Comment