Goldman Stuck With a Defense Tab, and Awaiting a Payback – NYTimes.com

Goldman Stuck With a Defense Tab, and Awaiting a Payback – NYTimes.com.

Rajat Gupta, left, and his lawyer Gary Naftalis.

For Goldman Sachs, the insider trading case against a former board member, Rajat K. Gupta, which ended in a conviction on Friday, was distracting and discomforting.

At least until now, it has also been very expensive.

Related articles

• Ex-Goldman exec convicted on Apple, Intel insider trading (electronista.com)
• Ex-Business Titan Rajat Gupta Guilty of Insider Trading (dailyfinance.com)

Gupta Insider Trading Case Focuses on Defendant’s Character – NYTimes.com

Gupta Insider Trading Case Focuses on Defendant’s Character – NYTimes.com.

The federal judge overseeing the insider trading trial of Rajat K. Gupta made it clear from the outset that he would limit evidence related to the defendant’s extensive charitable works and humanitarian acts.

“If Mother Teresa were here and charged with bank robbery, the jury would still have to determine whether or not she committed bank robbery,” said Judge Jed S. Rakoff, the presiding judge, during a pretrial hearing last month.

Related articles

• Gupta Won’t Testify at His Insider Trading Trial (dealbook.nytimes.com)
• Gupta ‘Highly Likely’ to Take the Stand, Lawyer Says (blogs.wsj.com)