Goldman (GS) Ex-Director Rajat Gupta Loses Wiretap Case

Rajat Gupta, Ex Director at Goldman Sachs Group Inc. (NYSE:GS) has lost his attempt to have wiretap evidence refused as evidence in his upcoming insider trading battle. The decision was made by the US District Court in Manhattan today. The wiretaps are the same as were admitted last year in a separate case which led to the conviction of Raj Rajaratnam, Gupta's alleged co conspirator. The conviction of the Rajaratnam based on the same evidence must cause worry for Gupta's lawyers who now face an uphill battle in clearing their client's name....