Rajat Gupta Sues SEC Over Galleon Case

Rajat Gupta, a former Goldman Sachs (GS) director accused of leaking confidential boardroom information has sued the Securities and Exchange Commission, saying the U.S. regulator is trying to unfairly deprive him of a jury trial. The SEC’s move is “an attempt to bring down a man of sterling reputation and remarkable achievements without the procedural safeguards historically accorded to all persons similarly charged,” Gupta said in his complaint filed in Manhattan federal court. – Reuters

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