Inside Traders Look to U.S. Supreme Court for Redemption
- Gupta, Whitman lead group seeking to have convictions reviewed
- New York court ruling upended definition of insider trading
Rajat Gupta.
Photographer: Peter Foley/BloombergThis article is for subscribers only.
Some of U.S. Attorney Preet Bharara’s biggest catches in a seven-year insider-trading sweep are clinging to one more hope of clearing their names.
Former Goldman Sachs Group Inc. director Rajat Gupta, hedge fund manager Doug Whitman and at least three others insist their conduct was legal and that the U.S. Supreme Court will make that clear when it deals with another insider trading case.