Gupta Sues New Silk Route Chief Saxena for Contract Breach
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Former Goldman Sachs Group Inc. Director Rajat Gupta, convicted last year on insider-trading charges, filed a breach-of-contract lawsuit against Parag Saxena, chief executive officer of New Silk Route LLC.
Gupta agreed in February 2012 to step down from New Silk Route NSR’s board of directors in response to Saxena’s request that he distance himself from the the company while securities charges were pending against him, according to his complaint yesterday in federal court in Manhattan.