S.E.C. Delays Rajat Gupta’s Trial for Six Months

So what is the cause for the long delay? No one will say…. Behind-the-scenes dickering between the Justice Department and the S.E.C. could be behind the postponement, legal experts say. The United States attorney’s office in Manhattan had tried unsuccessfully to get the S.E.C. to delay bringing its civil action against Mr. Gupta until the conclusion of Mr. Rajaratnam’s trial, according to court filings. Now, if federal prosecutors are still weighing charges against Mr. Gupta, they could again be asking the S.E.C. to hold off.

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