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

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.