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Ex-Goldman director Gupta’s insider trading conviction upheld

Reuters – A federal appeals court on Tuesday [March 25] rejected a bid by former Goldman Sachs Group Inc. director Rajat Gupta to overturn his insider trading conviction.

The 2nd U.S. Circuit Court of Appeals rejected the claim by Gupta, also a former global managing director of consulting firm McKinsey & Co., that wiretap evidence should not have been admitted against him.

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