Ex-Goldman Board Member to Stay Free During Appeal
Excerpt: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 (rah-JAHT' GOOP'-tah). 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.
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Rajat Gupta
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Organization: U.S. Circuit Court of Appeals
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Company: Goldman Sachs
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Company: Procter & Gamble
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Ex-Goldman Board Member to Stay Free During Appeal
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NY appeals court allows ex-Goldman, P&G board member to stay free pending appeal of conviction
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