Memo to all who toil for Goldman Sachs: Give up the company’s secrets, and you will pay through the nose.
Former Goldman Sachs director Rajat Gupta was ordered yesterday by a Manhattan federal judge to fork over a whopping $6.2 million to repay the Wall Street bank for legal fees it spent during the government’s probe of Gupta’s insider-trading case.
The 64-year-old fallen star was convicted last year of giving up secrets he learned while on Goldman’s board to his pal and hedge fund honcho Raj Rajaratnam.
Among the counts, the jury found Gupta guilty of giving Rajaratnam a tip on Warren Buffett’s $5 billion investment in Goldman in the throes of the financial crisis.
Gupta, the former head of consulting firm McKinsey, is out on bail while he appeals the ruling.
Goldman had requested restitution of $6.9 million — and submitted 542 pages of billing records from its lawyers at Sullivan Cromwell.
Judge Jed Rakoff lowered the final award by 10 percent after finding a smattering of items he felt should be excluded, including too many lawyers on a task, he said.
Goldman earlier withdrew its request for the court to claw back some of Gupta’s salary as restitution.