US insider trading

Gupta should end challenge to insider trading verdict: Bharara

The US has opposed India-born former Goldman Sachs director Rajat Gupta's fresh appeal to overturn his insider trading conviction, saying he should now end his challenge to the jury's "well-founded" verdict that he gained from his illegal tips to ex-hedge fund founder Raj Rajaratnam.

Aug 04, 2015, 15:21 PM IST

Rajat Gupta's appeal to quash insider trading conviction fails

Gupta, 66, was convicted in 2012 of passing confidential boardroom information to now jailed hedge fund founder Raj Rajaratnam.

Jul 03, 2015, 10:24 AM IST

Ex-Goldman director, Rajat Gupta, fails to void insider trading conviction

Gupta, 66, who is also a former McKinsey & Co global managing director, is serving a two-year prison term, and eligible for release next March.

Jul 02, 2015, 23:09 PM IST

Rajaratnam, Gupta seek to void US insider trading penalties

Galleon Group hedge fund founder Raj Rajaratnam and former Goldman Sachs Group Inc director Rajat Gupta are seeking to overturn penalties imposed against them for insider trading, citing a recent U.S. court decision that narrowed the definition of that offence.

Mar 10, 2015, 02:16 AM IST

Indian-American attorney, wife charged with insider trading

California-based Shivbir Grewal and Preetinder Grewal agreed to pay USD 90,000 to settle the federal regulator US Securities and Exchange Commission's charges.

Dec 23, 2014, 09:55 AM IST

Rengan Rajaratnam cleared, US insider trading streak snapped

Rajaratnam, 43, who was living in Brazil at the time of his indictment, hugged his lawyers after the jurors were dismissed.

Jul 09, 2014, 10:12 AM IST

Gupta should pay $13.9 mn penalty, be banned for life: SEC

US regulator SEC has asked an appeals court to affirm a district court's decision that India-born former Goldman Sachs director Rajat Gupta pay a USD 13.9 million penalty and be banned for life from serving as director of a public corporation.

Mar 22, 2014, 22:37 PM IST

Rajaratnam's brother seeks dismissal of insider trading charges

Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, urged a U.S. judge on Friday to dismiss insider trading charges leveled against him last year.

Feb 08, 2014, 14:40 PM IST

Rajat Gupta's plea against business partner dismissed by court

A US court here has dismissed a breach of contract lawsuit filed by former Goldman Sachs director Rajat Gupta against his long time friend and business associate Parag Saxena, saying the claims made by him in the complaint are no longer relevant.

Dec 06, 2013, 11:19 AM IST

Indian pleads guilty to insider trading charges in US

An Indian internet analyst has pleaded guilty here to insider trading charges for his involvement in sharing confidential information about technology companies Microsoft and Yahoo.

Nov 09, 2013, 14:30 PM IST

Two more charged in insider trading case in US

David Riley, a former chief information officer and vice-president for Foundry Networks was arrested on Tuesday in San Jose, California, while Matthew Teeple, an analyst for an investment advisory firm to a family of hedge funds located in San Francisco, was arrested in San Clemente.

Mar 27, 2013, 09:42 AM IST

Indian-American gets one year prison for Insider trading

Federal district judge Jed S. Rakoff also ordered Roomy Khan, 54, to serve three years of probation and pay USD1.525 million in restitution.

Feb 01, 2013, 12:45 PM IST

Indian-origin hedge fund manager indicted in insider trading

Indian-origin hedge fund portfolio manager Mathew Martoma has been indicted in one of the "most lucrative" insider trading schemes ever involving USD 276 million and will be arraigned in a court here next month.

Dec 26, 2012, 15:07 PM IST

US court agrees to hear Gupta's plea to stay surrender date

A US court has agreed to hear next week a bid by India-born former Goldman Sachs Director Rajat Gupta to delay his surrender to federal prison and remain free on bail while he challenges his conviction on insider-trading charges.

Nov 29, 2012, 11:11 AM IST

Rajaratnam seeks reversal of conviction

The Sri Lankan is currently serving an 11 year prison term after being convicted last year of running one of the biggest insider trading scams in US history.

Oct 26, 2012, 16:43 PM IST

Rajat Gupta could get prison term of 6 years or less: Legal experts

Gupta, 63, will be sentenced on October 24 by US District Judge Jed Rakoff.

Oct 14, 2012, 14:30 PM IST

Court to hear Rajaratnam's insider-trading appeal on October 25

Usually, the panel does not issue a decision until weeks or even months after oral arguments.

Sep 08, 2012, 09:02 AM IST

Leniency sought for Indian-American insider trading witness

US prosecutors have made a plea for leniency for a former Indian-American executive of McKinsey & Co whose testimony helped convict Wall Street giants Raj Rajaratnam and Rajat Gupta on insider trading charges.

Jul 17, 2012, 11:22 AM IST

Don't forget Gupta's philanthropic work in India, say friends

As the high-profile insider trading trial of former Goldman Sachs director Rajat Gupta enters its third week, the Indian-American's prominent friends feel he has been portrayed in an "unfair and one-sided" manner and his philanthropic work in India should not be forgotten.

Jul 04, 2012, 00:20 AM IST

'Rajat gupta was a wonderful example of the American Dream'

The jury, which convicted one of the most prominent Indian-Americans in the US Rajat Gupta of securities fraud, said it wanted him to walk a free man after the trial, but the evidence against him and his "need for greed" was just too "overwhelming."

Jun 16, 2012, 12:18 PM IST