Good News and Bad for Gupta as Insider Trading Trial Nears

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As he must have expected, Rajat Gupta's lawyer, Gary Naftalis of Kramer Levin, lost his bid to exclude government wiretap evidence from the former Goldman Sachs director's upcoming criminal trial. But he did persuade Manhattan federal district court judge Jed Rakoff that prosecutors must review files from the SEC's Gupta probe for possible Brady material.

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