Gupta Asks Supreme Court To Keep Him Out Of Jail

Jun 11 2014 | 9:53am ET

Former McKinsey & Co. chief Rajat Gupta is making a last-gasp bid to stay out of jail while he appeals his insider-trading conviction to the U.S. Supreme Court.

Gupta asked Justice Ruth Bader Ginsberg to continue his bail while he waits for her and her colleagues to consider whether to hear his appeal. The request follows a lower-court ruling that ordered Gupta to begin his two-year sentence on June 17.

Gupta was convicted in 2012 of passing confidential information about Goldman Sachs to Galleon Group founder Raj Rajaratnam, himself serving an 11-year sentence for insider trading. Gupta was a member of Goldman’s board at the time.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of