Gupta removed as InfoGROUP chairman

According to the lawsuit, InfoUSA has spent nearly $900,000 since 2001 flying the Clintons to domestic and international locations and political events.

Gupta has been a major donor to Democrats and gave at least $1 million to Bill Clinton's presidential library in Arkansas. Gupta also took part in a fundraiser for Hillary Clinton in Manhattan in June 2007.

The investment managers also say InfoUSA paid for use of a jet plane, the 80-foot yacht American Princess, condos in Hawaii and California and a University of Nebraska-Lincoln stadium box. In the past, Gupta and InfoUSA have said the jet, condos, stadium box and American Princess are for entertaining clients.

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(This version CORRECTS date of Clinton fundraiser.)