us-insider-trading-case - Latest News on us-insider-trading-case | Read Breaking News on Zee News

Rajaratnam to pay $1.45 million for insider trading civil suit settlement

Last Updated: Friday, December 28, 2012, 10:47

Billionaire hedge fund boss Raj Rajaratnam, who allegedly made over 70 million dollars through insider trading, will pay nearly 1.45 million dollars to US authorities to settle a civil lawsuit.

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.

Insider trading: Gupta to stay free on bail pending appeal

Last Updated: Wednesday, December 05, 2012, 08:52

India-born former Goldman Sachs director Rajat Gupta can remain free on bail while he challenges his conviction on insider-trading charges, a US court ruled on Wednesday.

Rajat Gupta should pay $15 mn penalty: SEC

Last Updated: Friday, November 16, 2012, 14:01

US government has asked a court here to slap a maximum penalty of USD 15 million on India-born fallen Wall Street titan Rajat Gupta and permanently bar him from serving as director of any publicly-traded firm for his "terrible breach of trust" by indulging in insider trading.

'Gupta's sentencing to deter others from breaching duties'

Last Updated: Thursday, October 25, 2012, 12:48

Gupta, 63, was sentenced by US District Judge Jed Rakoff yesterday to two years imprisonment followed by a year of supervised release and a USD five million fine.

I lost my reputation, says apologetic Rajat Gupta

Last Updated: Thursday, October 25, 2012, 12:30

Gupta has been ordered to pay a USD five million fine and would have to surrender in prison on January 8 next year. He will also have to undergo a year of supervised release after his prison term ends.

Rajat Gupta: A corporate honcho's stunning fall from grace

Last Updated: Thursday, October 25, 2012, 10:22

Born in Maniktala in Kolkata, Gupta is the son of a freedom fighter-turned-journalist father and school teacher mother.

Rajat Gupta's fate to be sealed today

Last Updated: Tuesday, October 23, 2012, 19:51

The Prosecution has sought a prison term of 8-10 years for the 63-year-old Gupta.

Prosecutors 'tarring' Rajat Gupta: US judge

Last Updated: Saturday, June 02, 2012, 10:18

A US federal court judge trying Rajat Gupta on insider trading charges has observed that prosecutors were "tarring" the former Indian-American managing director of McKinsey & Co. with an unrelated separate scheme.

US judge to rule on evidence about Reliance at Rajat Gupta trial

Last Updated: Wednesday, May 30, 2012, 10:39

A US judge trying Rajat Gupta, former Indian-American chief executive of McKinsey & Co, is yet to decide whether an e-mail relating to Reliance Industries chairman Mukesh Ambani should be allowed in evidence.

Email, wiretaps try to link Rajat Gupta to Rajaratnam

Last Updated: Friday, May 25, 2012, 16:31

Indian-American former Goldman Sachs director Rajat Gupta tipped convicted hedge-fund manager Raj Rajaratnam about a mega deal that helped him make nearly a million dollars, prosecutors have claimed as jurors in his trial heard a series of key wiretapped phone conversations.