After reviewing Goldman Sachs’ 542 pages of billing records related to the case, the judge however cut the bill by 10% noting that there were some extraneous entries in the 542 pages of billing records submitted by the firm

Moneylife Digital Team

India-born former Goldman Sachs director Rajat Gupta has been ordered to pay $6.2 million as reimbursement towards legal expenses incurred by his former employer during his trial in insider trading case.

Gupta, 64, was sentenced to two years of imprisonment after he was convicted of leaking secrets about the company to his friend and business associate Galleon founder Raj Rajaratnam, who is serving an 11-year prison term for running one of the biggest insider trading schemes in US history.

Gupta, who is currently on bail while applying his conviction, was told to pay $6.2 million for legal fees to Goldman Sachs by federal judge Jed Rakoff in New York. Goldman had sought $6.9 million as reimbursement from former McKinsey head Gupta, which he did not contest in the court.

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