Ex-Goldman director Rajat Gupta fails to void conviction
Published on Jul 15, 2014 6:15 AM
NEW YORK (REUTERS) - Former Goldman Sachs Group director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.
In a brief order, the full 2nd US Circuit Court of Appeals in New York refused on Monday to disturb a March 25 decision by a three-judge panel of that court to let the June 2012 conviction stand. It did not explain its reasoning.
Gupta, 65, challenged the government's use of wiretap evidence against him, as well as the jury instructions by US District Judge Jed Rakoff in Manhattan, who oversaw his trial.
Lawyers for Gupta Gary Naftalis and Seth Waxman were not immediately available for comment.
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