GUPTA TRIAL DAY SIXTEEN Closing Statements

The day was taken up with closing statements from both sides, prosecution and defense.

AUSA Richard Tarlowe gave the prosecution's closing first.  Here is an excerpt from the AP report:
Rajat Gupta "abused his position as a corporate insider," Assistant U.S. Attorney Richard Tarlowe said in federal court in Manhattan. "Gupta violated his duty to keep that information confidential by giving that information to Raj Rajaratnam,"




Then Gary Naftalis gave his closing statement for the defense. Here is an excerpt from the AP report,
In his closing argument, defense attorney Gary P. Naftalis sought to convince the jury that there was "zero" evidence that Gupta profited from his own illegal trades or from kickbacks off trades by others — "the stuff a real insider trading case is all about."
story link below

http://abcnews.go.com/US/wireStory/prosecutor-goldman-board-member-abused-position-16557371#.T99VpBdfGU0

Finally late in the day, AUSA Reed  Brodsky gave the prosecution rebuttal argument.
The judge asked the jury if they wanted to stay past 5pm today, they declined the offer.

story link
http://online.wsj.com/article/SB10001424052702303734204577464370988452992.html

http://www.usnews.com/news/business/articles/2012/06/13/closing-arguments-at-nyc-insider-trading-trial

http://www.businessweek.com/news/2012-06-13/gupta-abused-role-prosecutor-says-in-closing-argument