Gupta loses appeal of insider-trading conviction

April 20, 2015 3:50 PM

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Former Goldman Sachs director Rajat Gupta on Monday lost his bid to have the nation's highest court review his 2012 conviction on insider-trading charges.

The Supreme Court denied a legal submission by Gupta's attorneys without comment. That left one of the highest-profile defendants convicted in a federal crackdown on insider trading to continue serving his two-year prison term.

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