A federal judge refused to upset the conspiracy and securities fraud conviction for a former Goldman Sachs and Procter & Gamble board member, saying he was unconvinced an appellate ruling toppling separate insider trading convictions could be applied in the case before him.
Rajat Gupta moved to vacate his 2012 conviction for passing along insider information about Goldman to hedge fund owner Raj Rajaratnam, relying on a December 2014 decision from the U.S. Court of Appeals for the Second Circuit, U.S. v. Newman, 773 F.3d 438.
