Ex-Goldman director to stay free on bail: court

Former Goldman Sachs Group board member Rajat Gupta can remain free on bail while he appeals his insider-trading conviction, an appeals court has ruled.

Gupta had been scheduled to surrender January 8 to start a two-year prison sentence. But after hearing arguments from Gupta’s lawyer and prosecutors, a two-judge panel of the 2nd U.S. Circuit Court of Appeals in New York granted Gupta’s request to stay out of prison.

via Business feed http://www.scmp.com/business/banking-finance/article/1097972/ex-goldman-director-stay-free-bail-court