Gupta Can’t Play Wiretaps of Goldman’s Loeb, U.S. Judge Says

Gupta Can't Play Wiretaps of Goldman's Loeb, U.S. Judge SaysRajat Gupta, the former Goldman Sachs Group Inc. director accused of insider trading, lost another bid to have a jury hear wiretap recordings of Goldman Sachs executive David Loeb allegedly tipping Galleon Group LLC co-founder Raj Rajaratnam. Gupta is on trial in federal court in Manhattan for passing tips to Rajaratnam about Goldman Sachs and Procter & Gamble Co., where he was also a director. U.S. District Judge Jed Rakoff made a final ruling this morning after issuing his preliminary decision yesterday. Gupta has pleaded not guilty.

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