By someone else’s count there are 120 cases of insider trading pending around the country, many in the jurisdiction of Manhattan US Attorney Preet Bharara, who prosecuted both Gupta and his pal, Raj Rajaratnam….
You can expect many of those 120 other defendants to now seek deals. The mood in America today is decidedly anti-Wall Street, and anyone foolish enough to take his case to trial will not only face huge legal fees but also juries that simply aren’t very sympathetic.
via Quick Gupta conviction will move insider trading defendants to seek plea deals – NYPOST.com.
