Rajaratnam, Gupta seek to void US insider trading penalties

Last Updated: Tuesday, March 10, 2015, 02:16

Galleon Group hedge fund founder Raj Rajaratnam and former Goldman Sachs Group Inc director Rajat Gupta are seeking to overturn penalties imposed against them for insider trading, citing a recent U.S. court decision that narrowed the definition of that offence.

US apex court denies Rajat Gupta's appeal against lifetime ban

Last Updated: Tuesday, January 13, 2015, 10:40

The US Supreme Court has denied an appeal by India-born former Goldman Sachs Director Rajat Gupta, who had challenged a ruling by a lower court permanently banning him from from serving as an officer or director of a public company.

Rajat Gupta's plea against business partner dismissed by court

Last Updated: Friday, December 6, 2013, 11:19

A US court here has dismissed a breach of contract lawsuit filed by former Goldman Sachs director Rajat Gupta against his long time friend and business associate Parag Saxena, saying the claims made by him in the complaint are no longer relevant.

Insider trading conviction of Galleon's Rajaratnam stands

Last Updated: Tuesday, November 19, 2013, 10:39

A federal appeals court on Monday refused to disturb the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam, one of the most prominent defendants in the U.S. government`s wide-ranging probe into insider trading.

Rajat Gupta fined $13.9 million for insider trading

Last Updated: Thursday, July 18, 2013, 09:19

India-born former Goldman Sachs Director Rajat Gupta, convicted of insider trading, has been ordered to pay a hefty USD 13.9 million civil penalty and permanently barred from acting as an officer or director of a public company for spilling boardroom secrets.

Rajat Gupta seeks re-trial over insider trading case

Last Updated: Wednesday, May 22, 2013, 10:19

Seth Waxman, lawyer for Gupta, told the 2nd US Circuit Court of Appeals in New York yesterday that wiretaps played for the jury were inadmissible because they amounted to hearsay evidence.

Rajat Gupta to appeal against insider trading conviction

Last Updated: Tuesday, May 21, 2013, 22:18

The US Court of Appeals for the Second Circuit in New York will hear arguments from Gupta, who was convicted last year of sharing corporate secrets and is on bail pending the appeal.

Gupta not liable to Goldman for Rajaratnam tips: US court

Last Updated: Monday, April 8, 2013, 22:05

The lawsuit brought by Goldman investor James Mercer was dismissed by the Second Circuit Court of Appeals here which said that Mercer had failed to prove that Gupta was a "beneficial owner" of Goldman Sachs shares.

Rajat Gupta ordered to pay $6.2 mn to Goldman Sachs

Last Updated: Tuesday, February 26, 2013, 09:13

Gupta, who is currently on bail while applying his conviction, was told to pay USD 6.2 million for legal fees to Goldman Sachs by federal Judge Jed Rakoff in New York.

Rajat Gupta seeks reversal in insider trading conviction

Last Updated: Wednesday, January 23, 2013, 09:06

In a 72-page brief submitted with the US Court of Appeals for the Second Circuit, Gupta's lawyer Seth Waxman argued that his client is "entitled to a new trial" at which "unreliable hearsay statements are excluded" and the jury "hears the full story of Gupta's defence".

Gupta case: Goldman seeks reimbursement of $6.9mn legal fees

Last Updated: Sunday, December 23, 2012, 14:29

In a motion filed in court, Goldman said it has been a "victim" of 64-year-old Gupta's criminal conduct and violation of his duties as the firm's director.

Gupta says shouldn't be required to pay $6.78 mn to Goldman

Last Updated: Saturday, December 15, 2012, 15:41

In a lengthy 43-page motion filed in US District Court here yesterday, Gupta has opposed Goldman's demand for "restitution" of legal fees and other expenses totalling USD 6.78 million.