Thursday, 25 December 2014
Last updated 1 day ago
Jun 12 2014 | 9:54am ET
There will be no last-minute reprieve for convicted insider tipster Rajat Gupta before he reports to prison on Tuesday.
U.S. Supreme Court Justice Ruth Bader Ginsberg rejected the former McKinsey & Co. chief’s emergency plea to remain free on bail pending his appeal to the high court yesterday, just one day after he filed it. Ginsberg, who handles emergency requests from New York, did not explain her decision.
Gupta was convicted in 2012 of passing confidential information about Goldman Sachs to Galleon Group founder Raj Rajaratnam during his time as a member of Goldman’s board. He was sentenced to two years in prison, a term he is set to begin on June 17.
In his plea to Ginsberg, Gupta argued that he is likely to succeed on appeal to the nation’s highest court. The court has yet to consider whether to hear his appeal, but only accepts about 1% of the cases appealed to it.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.