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Shortly thereafter, the Commission dropped its administrative proceeding against Gupta, and Gupta agreed to dismiss his case against the Commission.
FORBES: The SEC -- A Troubled Agency
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The SEC's other options include refiling the Citigroup case as an administrative proceeding, which would yank the dispute out of Judge Rakoff's courtroom.
WSJ: SEC Cops Want to Fight U.S. Judge
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On the eve of the criminal trial of Raj Rajaratnam, the Commission brought an administrative proceeding alleging that Gupta gave inside information to Rajaratnam.
FORBES: The SEC -- A Troubled Agency
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Gupta sued the SEC in federal court, saying that the administrative proceeding deprived him of his constitutional right to a jury and also deprived him of the pre-trial discovery available in federal court but not in administrative proceedings.
FORBES: The SEC -- A Troubled Agency
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The biggest fish to be caught up in the mess so far is Rajat Gupta, a former board member of Goldman Sachs and ex-boss of McKinsey, who has been charged by the SEC in an administrative proceeding for allegedly passing tips to Mr Rajaratnam.
ECONOMIST: The verdict is finally in
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Last month (January 2013), the Commerce Department issued its preliminary determination in the 7th annual administrative review in the Furniture case, which includes a discussion about the Chinese companies reviewed in the proceeding.
FORBES: Tomatoes, Furniture, and Shrimp: Is Extortion the Main Purpose of the Antidumping Law?