Rajat Gupta lost a bid to get documents on settlement negotiations between the SEC and witnesses cooperating with a probe into insider trading at hedge funds. The SEC is suing Gupta, a former Goldman Sachs director, for allegedly passing inside information to Galleon Group co-founder Raj Rajaratnam.
Morgan Stanley hired Deutsche Bank executive Eric Heaton for a senior role in its wealth management business, Bloomberg reported.
It’s a deal
The Retail, Wholesale and Department Store Union announced the ratification of a new five-year contract with Bloomingdale’s covering 2,000 workers at the flagship store on East 59th Street.
Green Mountain Coffee Roasters of Vermont plunged 42 percent in after-hours trading after it cut its fiscal 2012 outlook.
US District Judge Jed Rakoff refused to dismiss 84 lawsuits against investors brought by Irving Picard, liquidator of Bernard L. Madoff’s firm.
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Galleon Group, Retail, Wholesale and Department Store Union, Rajat rejectRajat Gupta, Goldman Sachs, insider trading, Deutsche Bank, settlement negotiations, hedge funds, SEC, Bloomberg, Irving Picard