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...
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