Gupta Defense To Hinge On Alleged Falling-Out With Raj - Law360

By Richard Vanderford

Law360, New York (January 27, 2012, 7:17 PM ET) -- Former Goldman Sachs Group Inc. director Rajat Gupta will fight charges that he fed confidential information to now-convicted insider trader Raj Rajaratnam by showing the two had a falling-out that made any tipping unlikely, Gupta's attorney said Friday.

Prosecutors say Gupta, a corporate luminary well known for his stints on Goldman's and Procter & Gamble Co.'s boards, fed tips about company deals to his friend, Rajaratnam, before the markets got the information.

The tipping allegedly took place during 2008 and early 2009, but Gupta and Rajaratnam's...

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