Wibbert Sues Rajaratnam, Gupta Over $37.5M Investment

Law360, Chicago (February 8, 2013, 8:31 PM EST) -- Wibbert Investment Co. on Thursday sued convicted insider traders Raj Rajaratnam and Rajat Gupta and their Asian-focused New Silk Route private equity fund, alleging they hid information Wibbert was owed as a $37.5 million investor and demanding access to the fund's books.

The complaint, which also targets various entities related to New Silk Route PE Asia Fund LP as well as fund principal Parag Saxena, asserts that the defendants have for months "stonewalled" Wibbert's attempts to obtain information about what has happened with its investment in...
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