Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction. In a brief order, the ... more 
Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction. In a brief order, the full 2nd U.S. Circuit Court of Appeals in New York refused on Monday to disturb a March 25 decision by a three-judge panel of that court to let the June 2012 conviction stand. It did not explain its reasoning. Gupta may still appeal to the U.S. Supreme Court. He has also been fined millions of dollars. The former global managing director of the consulting firm McKinsey & Co is the top corporate official convicted in the U.S. probe of insider trading in the hedge fund industry. Jurors convicted Gupta of passing confidential information he learned at Goldman board meetings. less 
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Mon, Jul 14, 2014 6:50 PM EDT