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Ex-Goldman Director Gupta Loses Wiretap Suppression Bid

Rajat Gupta, the former Goldman Sachs Group Inc. director indicted on insider trading charges, won a court order requiring prosecutors to share information from securities regulators that might help show he’s innocent and lost a bid to suppress wiretap evidence.

U.S. District Judge Jed Rakoff in New York, who is presiding over both Gupta’s criminal case and a parallel suit brought by the U.S. Securities and Exchange Commission, ordered the SEC to turn over memos and notes on interviews of 44 witnesses to prosecutors for review. Rakoff said that if prosecutors find evidence that can be used to exonerate Gupta, it must be turned over to the defense team.