B-School Highlights: Nov. 2

Raj Rajaratnam, the Galleon Group co-founder accused of insider trading, exits federal court in New York, on March 23, 2011 Photograph by Jin Lee/Bloomberg

Raj Rajaratnam, a 1983 MBA graduate of the University of Pennsylvania’s Wharton School, presented his appeal to the Second U.S. Circuit Court of Appeals on Oct. 24 in hopes of suppressing wiretap evidence used in his conviction in the Galleon Group insider-trading case, according to the Daily Pennsylvanian. Rajat Gupta, the former Goldman Sachs director, was sentenced to two years in prison and received a $5 million fine for providing Rajaratnam with nonpublic information. Gupta is a graduate of Harvard Business School.

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