U.S. Prosecutors Seek Delay in SEC Case Against Rajat Gupta
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U.S. prosecutors asked a judge to delay the civil insider-trading case against Rajat Gupta brought by the Securities and Exchange Commission so that Gupta’s criminal trial can proceed first.
U.S. District Judge Jed Rakoff in New York scheduled a hearing tomorrow to decide whether to postpone the civil case against the former Goldman Sachs Group Inc. director until the criminal trial is completed, according to Stephanie Cirkovich, a spokeswoman for the Manhattan federal courts.