Court to review insider trading conviction of ex-Goldman boss

Rajat Gupta is hoping the third time’s the charm.

The former Goldman Sachs director and McKinsey executive — who was found guilty in 2012 of passing illegal tips to hedge fund pal Raj Rajaratnam — has persuaded a federal appeals court to review his conviction on insider trading charges.

Gupta, 67, had asked Manhattan federal Judge Jed Rakoff to overturn his conviction. Rakoff denied the request in July, and the appeals court let Rakoff’s decision stand late last year.

But he won the new review after an appeals court tossed the convictions of two hedge fund managers, Todd Newman and Anthony Chiasson, ruling that the tipster had to get some personal benefit in exchange for passing along the information.

Gupta, who was released from prison after serving 19 months, is under house arrest until March.

“We are pleased with the court’s ruling and believe we have meritorious issues to bring to the court of appeals,” said Gary Naftalis, Gupta’s lawyer.