Rajat Gupta is offended by the suggestion he did anything wrong and here’s what he’s going to do about it.
Rajat Gupta said Friday in court papers that he denies all allegations of wrongdoing and “stands ready to mount a defense against each and every one of the commission’s charges.” The SEC had filed an administrative action against Gupta. It says Gupta fed vital information about Goldman in 2008 to a one-time billionaire accused of insider trading within minutes of hearing confidential information from the Goldman board.
My guess is he will invoke the “21 second” defense.
My guess is he will invoke the “21 second” defense.
that’s a lifetime in this industry.
that’s a lifetime in this industry.
You are missing the key point in the news. He’s trying to move the case from the SEC court (where the SEC is judge and jury) to regular civil court where he can have a fair trial. Also you should say “”allegedly” called with insider information”. There’s much more to this case than meets the eye. Are we all sure the SEC is correct? Time will tell …
“He’s trying to move the case from the SEC court (where the SEC is judge and jury) to regular civil court where he can have a fair trial.”
I remember back when I thought civil courts were places to have a “fair trial”.