Bloomberg reports that former Goldman Sachs Group Inc. (GS) director Rajat Gupta
can remain free on $10 million bond while he fights his insider-trading
conviction, a federal appeals court ruled.
“It is hereby ordered that the conditions of release imposed
by the district court will be continued,” U.S. Circuit Judge Jose Cabranes said
at the conclusion of today’s hearing in the U.S. Court of Appeals in New York.
Gupta, 64, who was in court accompanied by his wife, Anita,
and their four daughters, challenged a ruling by U.S. U.S. District Judge Jed
Rakoff in Manhattan that he surrender to prison on Jan. 8 and begin serving his
two-year sentence…..
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