Lawyers for former Goldman Sachs board member Rajat Gupta sought to reverse his insider-trading conviction on Tuesday, arguing that wiretap evidence used by the prosecution should not have been introduced at trial.
Rajat Gupta himself was not heard on the wiretaps, which are instead conversations between convicted Galleon Group manager Raj Rajaratnam and other employees at the hedge fund.
'Those wiretaps should never have been admitted', Waxman told a three-judge panel of the appeals court.
Gupta, 64, is a former head of the consultancy McKinsey & Co and a one-time board member at Goldman and Procter & Gamble Co . He was sentenced to two years in prison in October for spilling confidential information about Goldman to Rajaratnam, his one-time friend who is now serving 11 years in prison for insider trading.
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