Former Goldman Director Faces Jury

    Rajat Gupta leaves federal court, Wednesday, Oct. 26, 2011 in New York. The former board member of Goldman Sachs and Procter & Gamble pleaded not guilty to federal charges accusing him of acting as "the illegal eyes and ears in the boardroom" for a friend who was already convicted in the biggest insider trading case in history. (AP Photo/Frank Franklin II)

    Frank Franklin II / AP Photo

    A year after Galleon Group founder Raj Rajaratnam stood trial for insider trading, his friend Rajat Gupta will stand trial Monday in the same federal court. A former board member at Goldman Sachs and Procter & Gamble, Gupta has been accused of passing tips to Rajaratnam, allegedly letting him know in advance about a $5 billion Berkshire Hathaway investment, as well as other proprietary financial information. The 63-year-old has pleaded not guilty, and prosecutors may have a tough time making charges stick, according to at least one Manhattan attorney. “The core defense message will be, ‘There is just not enough evidence,’” said Tom Dewey, a lawyer not involved in Gupta’s case.

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