On April 20, the United States Supreme Court denied the petition for certiorari of former Goldman Sachs director Rajat Gupta, declining to review his conviction for passing stock tips to Raj Rajaratnam, the imprisoned hedge fund manager and founder of the Galleon Group.  Rajaratnam, who filed his petition for certiorari the week before the Second Circuit’s ruling in Newman last year, sought in March to have his sentence vacated in light of Newman by Judge Jed S. Rakoff of the Southern District of New York; that motion is pending.  Gupta v. United States, 14-534 (Supreme Court of the United States); United States v. Gupta, 11-cr-907 (S.D.N.Y.).

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