Ex-Goldman Sachs Group Inc. Director Rajat Gupta, set for trial next year on insider-trading charges, told a judge in a related civil case that he wants to question the bank’s executives and Galleon Group LLC former traders.
U.S. District Judge Jed Rakoff in Manhattan, who is presiding over the cases, last week ordered Gupta, the Securities and Exchange Commission and lawyers for Galleon co-founder Raj Rajaratnam to identify witnesses they want to depose in the SEC’s lawsuit. The lists were made public today.
Gupta’s list includes Goldman Chief Executive Officer Lloyd Blankfein, Chief Financial Officer David Viniar, President Gary Cohn, Managing Director David Loeb and John Bryan or another director. Also on the list is Caryn Eisenberg, the former assistant to Rajaratnam; ex-Galleon trader Michael Cardillo; and James McNerney, presiding director of Procter & Gamble Co.
“The witnesses we list are believed to have information relevant to this action,” wrote Gary Naftalis, the lawyer for Gupta, in a letter to the judge.
Michael DuVally, a spokesman for Goldman Sachs, declined to comment.
Rajaratnam was sentenced to 11 years in prison after he was convicted of insider trading earlier this year.
For the SEC, the potential witnesses include Gupta, his wife, Rajaratnam, Galleon co-founder Gary Rosenbach, trader Ian Horowitz, and R.K. Rajaratnam, who is Raj Rajaratnam’s brother. Also on the list are two employees of Exemplar Wealth Management. The phone number for Exemplar didn’t work today.
Rajaratnam, who has also been sued in the SEC case, seeks to depose Cohen, Loeb, Goldman Sachs board member Jon Winkelried, Goldman Sachs managing director Jennifer Padovani and five former Galleon employees.
Gupta was charged on Oct. 26 with five counts of securities fraud and one count of conspiracy to commit securities fraud. The SEC filed its lawsuit the same day, accusing Gupta of engaging in an “extensive insider-trading scheme” with Rajaratnam.
The cases are U.S. v. Gupta, 11-cr-00907, and SEC v. Gupta, 11-cv-07566, U.S. District Court, Southern District of New York (Manhattan).