March 25, 2014
by Nicholas Tomsho
The US Court of Appeals for the Second Circuit on Tuesday affirmed the insider trading conviction of former Goldman Sachs director Rajat Gupta. Judge Amalya Kearse rejected Gupta's claim that wiretap evidence should not have been admitted against him. Gupta was convicted of three counts of ...[read more]
October 26, 2012
by Katherine Bacher
On October 26, 2011, former Goldman Sachs director Rajat Gupta was arrested for securities fraud and conspiracy to commit securities fraud. The US Securities and Exchange Commission (SEC) claimed that Gupta disclosed non-public materials from board meetings to the co-founder of the Galleon Group, ...[read more]
October 25, 2012
by Jaimie Cremeans
The US District Court for the Southern District of New York on Wednesday sentenced Rajat Gupta, former Goldman Sachs director, to one year in prison, one year of supervised release and a $5 million fine for his securities fraud convictions. Gupta was convicted in June of three counts of securities ...[read more]
June 15, 2012
by Max Slater
Former Goldman Sachs director Rajat Gupta was convicted on Friday of three counts of securities fraud and one count of conspiracy to commit securities fraud. Gupta was also acquitted on two other counts of securities fraud. Gupta was arrested in October and charged with securities fraud relating ...[read more]
April 19, 2012
by Brandon Gatto
Federal Judge Denise Cote on Wednesday dismissed a securities lawsuit against Goldman Sachs Group Inc. and 41 other defendants claiming that the banks helped mislead investors in the $12.2 billion stock offering by General Electric Co. (GE) back in October 2008. The claims, filed by investors in ...[read more]
April 12, 2012
by Rebecca DiLeonardo
The US Court of Appeals for the Second Circuit on Wednesday issued an opinion holding that a former Goldman Sachs programmer did not violate a federal law prohibiting theft of trade secrets when he copied portions of the company's confidential source code. Sergey Aleynikov's conviction for ...[read more]
October 26, 2011
by Katherine Getty
Former Goldman Sachs Director Rajat Gupta was arrested Wednesday on five counts of securities fraud and one count of conspiracy to commit securities fraud. The charges come in connection to his relationship with Raj Rajaratnam, co-founder of the Galleon Group, who was sentenced to 11 years in ...[read more]
June 30, 2011
by Dwyer Arce
JURIST Guest Columnist Dimitrios Ioannidis of Roach, Ioannidis & Megaloudis, LLC, says that the deregulation of US financial markets coupled with the strategic use of complex financial instruments has played a significant role in the Greek debt crisis... On April 16, 2010, the Securities and ...[read more]
July 16, 2010
by Ann Riley
Goldman, Sachs & Co. on Thursday agreed to a $550 million settlement with the US Securities and Exchange Commission (SEC) to resolve charges that they marketed a subprime mortgage product and made misleading statements and omissions to investors in early 2007. Of the $550 million settlement, ...[read more]
April 30, 2010
by Jonathan Cohen
Law enforcement officials on Thursday told the Wall Street Journal that the US Department of Justice (DOJ) is opening a criminal investigation of Goldman, Sachs & Co. for possible securities fraud in mortgage trading. Two weeks ago, the US Securities and Exchange Commission (SEC) filed civil ...[read more]

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