InfoGroup Ex-CEO To Pay $7.3M To Settle SEC Claims

By Shannon Henson

Law360, New York (March 16, 2010, 2:15 PM ET) -- The former CEO and chairman of InfoGroup Inc. has agreed to pay more than $7.3 million to settle U.S. Securities and Exchange Commission allegations that he improperly used the company as a piggy bank.

The SEC filed a complaint Monday in the U.S. District Court for the District of Nebraska against Vinod Gupta, 63, the former head of the sales leads provider previously known as infoUSA Inc.

The commission also filed complaints against Vasant H. Raval, 70, former chairman of the company's audit committee, and Rajnish...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles