Daily Archives: December 31, 2015, 2:18 pm

Second Circuit Denies Rajat Gupta’s Last Gasp Effort to Vacate Conviction | Compliance Week

His imminent release from prison has not stopped former McKinsey & Company CEO and Goldman Sachs director Rajat Gupta from aggressively seeking to get his conviction vacated under the Second Circuit’s landmark Newman decision. This week, the Second Circuit rejected Gupta’s last gasp appeal in the case. via Second Circuit Denies Rajat Gupta’s Last Gasp Effort to Vacate Conviction |…

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Facebook must face shareholder class actions over IPO | Reuters

A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and institutional investors who claimed to lose money from buying Facebook shares at inflated prices in connection with the $16 billion…

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