The judge in the insider-trading trial of former corporate
luminary Rajat Gupta is worried the jury is in danger of becoming bored Reuters
reports. As the trial went into its
second week on Tuesday, U.S. District Judge Jed Rakoff in Manhattan warned
prosecutors and defense lawyers to "sharpen" their presentations.
Gupta, 63, a former Goldman Sachs Group Inc board member and
global head of management consulting firm McKinsey & Co, is the most
prominent corporate figure indicted in the U.S. government's crackdown on
insider trading. He is charged with leaking corporate secrets to now-imprisoned
hedge fund manager Raj Rajaratnam, who was convicted last year after a
high-profile trial.
But Rakoff suggested the Gupta case may be far from
scintillating for the jury, which aside from a handful of wiretap recordings,
has been inundated with telephone logs, corporate governance guidelines,
boardroom minutes, emails and instant messaging records.
"I am in awe of our jury for being attentive,"
Rakoff said in court while jurors were on their mid-afternoon break. He said
the bulk of evidence was asking witnesses to look at "document X" or
"document Y." "We need to find a way to sharpen the presentation
on both sides and get it more focused," said Judge Rakoff….
Find out more at http://newsandinsight.thomsonreuters.com/Securities/News/2012/05_-_May/Fear_of_jury_boredom_seeps_into_Gupta_insider_trial/
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