Mealey's Securities/D&O Liability - Panel: Injunctive Relief, Civil Penalties Warranted In Insider Trading Suit

Mealey's Securities/D&O Liability - Panel: Injunctive Relief, Civil Penalties Warranted In Insider Trading Suit

NEW YORK - A federal district court did not err in granting injunctive relief and imposing treble civil penalties against former Goldman Sachs director Rajat K. Gupta for his role in an insider trading scheme because such actions were appropriate, a Second Circuit U.S. Court of Appeals panel ruled June 17 (Securities and Exchange Commission v. Rajat K. Gupta, No. 13-3062, 2nd Cir.).

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