Deals
Gupta Prosecutors Rest Insider-Trading Case in New York
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U.S. prosecutors rested their insider-trading case against former Goldman Sachs Group Inc. director Rajat Gupta shortly after the company’s chief executive officer, Lloyd Blankfein, completed his testimony.
Gupta, who ran McKinsey & Co. from 1994 to 2003, is accused of leaking secret tips to Raj Rajaratnam, co-founder of hedge-fund company Galleon Group LLC, about Goldman Sachs and Procter & Gamble Co., where Gupta was also a director.