Ex-Goldman board member to stay free during appeal
Excerpt:NEW YORK-- A federal appeals panel has chosen that a previous Goldman Sachs and Procter & Gamble board member could remain complimentary 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 paying attention to arguments concerning the case against Rajat Gupta (rah-JAHT' GOOP' - tah). The court did state lawyers should anticipate to submit their briefs within a month and a half, indicating that the appeal will be heard rapidly. Gupta was sentenced in October to 2 years in jail and fined $ 5 million.
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Rajat Gupta
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City: NEW YORK
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Organization: U.S. Circuit Court of Appeals
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Company: Procter & Gamble
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Company: Goldman Sachs
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- bail pending
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Ex-Goldman board member to stay free during appeal
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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.


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