Since 1898, Lux Bond & Green Jewelers has been dedicated to offering truly extraordinary diamonds, jewelry, watches and gifts for the home.
Westport Country Playhouse presents What the Butler Saw, August 23-September 10, 2016
Westport Rotary Club's Fifth Annual Lobster Fest will be held Saturday September 17, 2016
Your 24/7 News Source

Tuesday, February 26, 2013

Gupta Ordered to Pay $6.2M in Legal Fees

Westporter Rajat Gupta, free on $10 million bond while he fights his criminal insider-trading conviction, today was ordered by a federal judge to reimburse $6.22 million to his former employer to cover its legal expenses related to the case. WestportNow.com Image
Rajat Gupta: must reimburse Goldman Sachs. File photo

U.S. District Judge Jed Rakoff, who presided over Gupta’s criminal trial, said Goldman Sachs Group, where Gupta had been a director, “proved by a preponderance of the evidence that 90 percent of its tendered expenses were both necessary and incurred during its participating in the investigation and prosecution.”

Gupta, 64, is appealing his June 15, 2012 conviction and two-year prison term for feeding confidential information he had learned at Goldman board meetings to Raj Rajaratnam, the Galleon Group hedge fund manager and former billionaire.

The judge said he reviewed the more than 542 pages of billing records from Sullivan & Cromwell LLP, which represented the firm during the investigation of both Gupta and Rajaratnam.

More "Gupta Ordered to Pay $6.2M in Legal Fees"

02/26/13 01:14 AM Comments (0) • PermalinkEmail Favicon Facebook Favicon LinkedIn Favicon

Page 1 of 1 pages
Register / Log in

Registration is required to post comments.
Sign Up  •  Login
Comment Policy

sponsors
Discover Earthplace! Visiting Nurse and Hospice of Fairfield County, Connecticut Gus Kalivas, CPA, Financial Advisor, Ameriprise WestportNow Year in Pictures 2015 Give to Public Schools in Need! - Go to DonorsChoose.org
what's inside
Property Transfers

MORE >>

Obituaries

Arts & Leisure

Business

Gupta Ordered to Pay $6.2M in Legal Fees

Community

Health & Fitness

Education

Politics

Real Estate

Sports

Special Reports
Special Reports

MORE >>

SUBSCRIBE

Enter your email address to get WestportNow.com delivered to your inbox:

Powered by FeedBlitz

Westport Info
westport weather

Westport Weather - Current Conditions
Get more Westport weather

SB Exit 17 Saugatuck Ave.

(Click image to resume)
Click for ConnDOT View

Realtime NY Metro-area traffic reports from Traffic.com

SPONSORS
August West Chimney Sweeps

Francois du Pont
Jewelers

Francois du Pont, 6 Sconset Square

6 Sconset Square
Westport, CT
203·226·9804

Advertise on WestportNow.com ads@westportnow.com

WestportNow wins 17 citations in the 2015 Society of Professional Journalists, Connecticut Awards

InfoPulse LLC
recent comments
westport youtube

Reader nominations welcome:

social media


Westport-area Blogs

 06880
 BookTrib
 Burb Man: Brian Rutter
 Buster's Blog
 Chicken Spaghetti
 CT Bites
 CT News Junkie
 Fairfield Co. Real Estate
 Farewell Travels
 Friends of Westport Parks/Rec
 Geek the Library
 Hostile Entry
 Illuminara
 Jane Green
 Kosher Like Me
 MacaroniKid
 Major Knitter
 Much Ado About Stuffing
 Nancy on Norwalk
 Neurotwitch
 Nina Pomeroy Photography
 OmNomCT
 Our Town Crier
 Preserve Westport
 Prill Boyle's Defying Gravity
 Sherwood Island Friends
 Taking the Kids
 Videler Photography
 Volunteer Square
 Westport Weather Website
 Who, What, When-and Y
 Y's Women

Suggest a Westport-area blog by sending email to: