Bross Chingas Bross Real Estate, Riverside Realty, #1 in 2013
Leslie Clarke Homes, your real estate solution, Westport, CT 203-984-1856Halloween Parade October 29, 2014, 3:30 p.m., Main St. & Post Road East
Stand Up for Homes with Hope -- Paula Poundstone, Saturday November 8, 2014 at Westport Country Playhouse
 
Thursday, October 23, 2014
NewsBusiness

Wednesday, December 05, 2012

Gupta Can Remain Free on $10 Million Bond

Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon TwitThis Favicon  

Westporter Rajat Gupta can remain free on $10 million bond while he fights his insider-trading conviction, a federal appeals court has ruled. WestportNow.com Image
Rajat Gupta: Full appeal months off. File photo

U.S. Circuit Judge Jose Cabranes issued the ruling at the conclusion of Tuesday’s hearing in the U.S. Court of Appeals in New York.

Gupta, 64, who was in court accompanied by his wife, Anita, and their four daughters, challenged a ruling by U.S. District Judge Jed Rakoff in Manhattan that he surrender to prison on Jan. 8 and begin serving his two-year sentence.

After Cabranes announced his decision, Gupta’s wife burst into tears and his daughters patted their father on the back.

The ruling was a rare and swift ruling by the appeals court granting a criminal defendant’s request to remain free while they challenged the conviction, according to legal experts.

Former Westporter Martha Stewart, who served five months in prison for obstructing justice, was permitted to remain free pending her appeal by U.S. District Judge Miriam Cedarbaum. Stewart later decided to serve her prison term before her appeal was heard.

Cabranes said that the appeal would probably be accelerated and that Gupta’s full appeal could be argued in either April or May.

Posted 12/05 at 01:49 PM

Comments:     Comment Policy

No comments yet.

You need to Register and be logged in to post comments. If you are already registered but are not logged in, you can Login here.

Name:

Email:

Location:

URL:

Remember my personal information

Notify me of follow-up comments?

You must be logged in to comment. You must also answer the question or solve the equation below:

1 + 7 = ? (1 character(s) required)

Please note by clicking on "Submit" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Inappropriate posts may be removed.

<< Back to main

SPONSORS
Meet and hear from the candidates for State Representative as they debate local and state environmental issues. Thursday, October 23      7:00pm at Earthplace     FREE for everyone
Visiting Nurse and Hospice of Fairfield County, Connecticut

HOUSE OF THE WEEK

15 Stoneboat Road, Westport, CT, Jillian Klaff Homes

Click the photo for
more info about
15 Stoneboat Road, Westport, CT

jillianklaffhomes.com

Christ & Holy Trinity Preschool is now accepting applications for the 2015-16 school year.

The Westport Arts Advisory Committee (WAAC) is sponsoring its first "TEA Talk" (Thinkers, Educators, Artists) on Sunday October 26, 2014 at 2 p.m. in the Westport Town Hall Auditorium.

WestportNow Year in Pictures 2013 Give to Public Schools in Need! - Go to DonorsChoose.org
WestportNow.com Stuff