In the battle over the fate of Rajat K. Gupta, the former Goldman Sachs board member on trial on insider trading charges, the line between public and private information is critical.
During his second day questioning of Lloyd Blankfein, Goldman’s chief, Mr. Gupta’s defense lawyer Gary Naftalis worked hard to erase that line. Extremely hard.
From the beginning, it was a slog. Mr. Naftalis presented two reports from esteemed banking analysts who followed Goldman Sachs. The reports were from the summer of 2008, a period when market turmoil was king and the health of the financial system was in jeopardy.
- Testimony Suggests Gupta Allowed Hedge Fund Manger to Listen In on Goldman Calls (dealbook.nytimes.com)
- Lloyd Blankfein Plays Defense at Gupta Trial, Is Asked About Goldman’s ‘Ceremonial Cufflinks’ (nymag.com)
- Blankfein Takes Stand at Gupta Trial (blogs.wsj.com)
- At Gupta’s Insider Trial, a Star Goldman Witness and Charts (dealbook.nytimes.com)
- ‘Gupta was not authorised to divulge market-moving info’ (thehindu.com)
- Goldman Boss Testimony Harms Gupta (thedailybeast.com)