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Friday, August 5, 2011 - 05:30 IST
Ex-Goldman Director Rajat Gupta, SEC To Drop Litigation
BY Reuters
Citing public interest, the SEC dismissed administrative proceedings, accusing Gupta of passing tips illegally.
Former Goldman Sachs Group Inc director Rajat Gupta and the U.S. Securities and Exchange Commission are dropping litigation against each other stemming from the sprawling federal insider trading probe.
The agreement, revealed Thursday in a court filing, for...
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