The most notable recent Galleon -related development occurred on March 1, 2011, when the SEC filed a tipping charge against Rajat Gupta, the former Managing Director of McKinsey & Company who served on the boards of directors of several prominent companies, including Goldman Sachs and Proctor & Gamble. 4 According to the SEC, Mr. Gupta told Mr. Rajaratnam about Berkshire Hathaway's $5 billion investment in Goldman Sachs in September 2008, and about Goldman's financial results for the second and fourth quarters of 2008, before the information was made public. Mr. Gupta also allegedly divulged to Mr. Rajaratnam non-public information concerning P&G's financial results for the fourth quarter of 2008.