The Second Circuit Court of Appeals, in an order issued Monday, said “we have considered all of Gupta’s arguments on this appeal and have found them to be without merit. The judgment of the district court is affirmed.”
Gupta, 70, is a free man now after completing a prison term in 2016 on insider trading charges but has been fighting to overturn his conviction, arguing that he served two years in jail for conduct that is not criminal even though the government lacked evidence to show he “received even a penny” for passing confidential boardroom information to now jailed hedge-fund manager Raj Rajaratnam.
