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Supreme Court rejects Rajat Gupta's insider trading appeal

By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday left intact the 2012 insider trading conviction of former Goldman Sachs Group Inc  director Rajat Gupta. The court rejected Gupta’s appeal of a March 2014 ruling by the New York-based 2nd U.S. Circuit Court of Appeals that had upheld the conviction. The U.S. government used wiretap evidence to show that Gupta leaked news about Goldman's finances, including a crucial investment by Warren Buffett's Berkshire Hathaway Inc, by phone to Galleon Group hedge fund founder Raj Rajaratnam.
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