Jury Finds Ex-Infogroup Execs Hid CEO's Wrongful Spending

Law360, New York (March 7, 2012, 7:01 PM EST) -- A Nebraska jury has found two former executives of e-marketing firm Infogroup Inc. liable for helping to conceal its former CEO's use of company funds to bankroll his over-the-top lifestyle, the U.S. Securities and Exchange Commission announced Tuesday.

The verdict, handed down March 1, affirmed prosecutors' claims that ex-chief financial officers Rajnish K. Das and Stormy L. Dean failed to fully report how much money ended up in the pockets of Vinod Gupta, onetime head and board chair of Infogroup.

The decision came following a 10-day...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Das et al


Case Number

8:10-cv-00102

Court

Nebraska

Nature of Suit

Securities/Commodities

Judge

Laurie Smith Camp

Date Filed

March 15, 2010

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.