Defense Rests in Gupta Insider Trading Case

The defense rested in the government's insider trading case against Rajat Gupta today, after calling twelve witnesses in his defense, including a number who testified as to his integrity and charitable endeavors.  The defense also argued that Mr. Gupta had a falling-out with Raj Rajaratnam over the loss of an investment in fall 2008, so that he would not have passed confidential information to him.  Mr. Gupta did not himself testify.  Closing arguments will be made tomorrow, and then the case will go to the jury.

WSJ, Gupta Defense Rests in Insider-Trading Trial