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Ex-Goldman Board Member Who Called Raj Rajaratnam With Inside Information 23 Seconds After Getting It From Lloyd Puts The SEC On Notice

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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.

Ex Goldman Director Sues SEC [AP]