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Infogroup Sues Indian-American Vinod Gupta
InfoGroup declined to comment, citing a policy on pending and past litigation, the World-Herald said.
The suit alleges deceptive trade practices, breach of contract, computer fraud, false advertising and other behaviour.
InfoGroup is seeking a jury trial, injunctions against what it calls misconduct, and unspecified damages.
In the previous Feb 5 deal, InfoGroup agreed to pay over $13 million from insurance to settle the class-action lawsuit brought by the New Jersey Carpenters Pension Fund, according to a Delaware Chancery Court filing.
Gupta browbeat InfoGroup's board into selling the company to CCMP Capital Advisors LLC for $463 million, shortchanging investors, the fund said.
Gupta was described in the suit as favouring a quick sale after spending lavishly on luxury goods and travel and consulting fees for former President Bill Clinton and Hillary Clinton.
Gupta, according to the World-Herald, said that his relationship with the Clintons earned huge dividends for Infogroup and that the company was fortunate to attract the buyout offer it did get.
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Source: IANS
