SEC and ex-Goldman Director Gupta submit deposition lists

Parties present their top interviewee choices to judge in insider-trading case

Over the past week, the Securities and Exchange Commission (SEC) and ex-Goldman Sachs Director Rajat Gupta have been making their lists and checking them twice. But the lists have nothing to do with the upcoming holidays. Rather, the SEC and Gupta have been compiling wish lists of deponents they would like to question as part of the agency’s insider-trading lawsuit against Gupta.

In March, the SEC brought civil charges against Gupta, alleging he leaked inside information to Raj Rajaratnam, the former hedge fund manager and Galleon Group founder who was convicted of criminal insider-trading charges in May. Gupta surrendered to the FBI last month. He also is facing separate criminal charges related to the alleged insider-trading scandal.

Ashley Post

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