Gupta Sues SEC Demanding Jury Trial

Mar 21 2011 | 3:11pm ET

Accused Raj Rajaratnam tipster Rajat Gupta has sued the Securities and Exchange, accusing the regulator of unconstitutionally attempting to deny him a jury trial.

Gupta, the former McKinsey & Co. chief and Goldman Sachs director, said the commission should have sued him in federal court, as it did with all of its other Galleon Group defendants, rather than launch an administrative action against him.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…