Ex-Goldman Director Sues SEC After Civil Charges

Friday, 18 Mar 2011 12:38 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink

A former Goldman Sachs board member has sued the Securities and Exchange Commission after the SEC linked him to a major insider trading case when it filed civil charges against him earlier this month.

Rajat Gupta said Friday in court papers that he denies all allegations of wrongdoing and "stands ready to mount a defense against each and every one of the commission's charges."

The SEC had filed an administrative action against Gupta. It says Gupta fed vital information about Goldman in 2008 to a one-time billionaire accused of insider trading within minutes of hearing confidential information from the Goldman board.

A federal prosecutor has said Gupta was a co-conspirator of a former hedge fund boss on trial in Manhattan.

The SEC did not immediately return a call for comment.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved