Gupta Takes $14M SEC Fine To 2nd Circ. On Appeal

Law360, New York (August 15, 2013, 2:30 PM EDT) -- Convicted former Goldman Sachs Group Inc. director Rajat Gupta is launching a fight in the Second Circuit over his $13.9 million civil penalty for illegally leaking corporate secrets, an appeal that comes nearly one month after the Securities and Exchange Commission's victory against him.

Gupta on Wednesday filed a notice of appeal relating to the July 17 decision that topped off his already hefty criminal penalties with a $13.9 million award to the SEC and a lifetime ban from serving as an officer or director of...
To view the full article, register now.




Case Information

Case Title

United States Securities and Exchange Commission v. Gupta et al

Case Number



New York Southern

Nature of Suit



Jed S. Rakoff

Date Filed

October 26, 2011

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.