Streams

Ex-Goldman Board Member to Stay Free During Appeal

Tuesday, December 04, 2012

A federal appeals panel has decided that a former Goldman Sachs and Procter & Gamble board member can remain free on bail pending the appeal of his insider trading conviction.

A two-judge panel of the 2nd U.S. Circuit Court of Appeals made the ruling Tuesday after listening to arguments regarding the case against Rajat Gupta.

The court did say lawyers should expect to file their briefs within a month and a half, indicating that the appeal will be heard quickly.

Gupta was sentenced in October to two years in prison and fined $5 million.

Tags:

More in:

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.

Sponsored

Latest Newscast

 

 

Support

WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public

Feeds

Supported by