Civil Securities case: U.S. SEC, Adanis jointly seek extension; propose revised schedule
The Hindu·2h ago·Neutral
What Happened
The U.S. Securities and Exchange Commission and Gautam Adani, Sagar Adani jointly requested a U.S. District Court for more time to file submissions in their civil securities case. The parties proposed a revised schedule for motions and responses, submitted to Judge Nicholas G. Garaufis for approval. The SEC sued the Adanis in November 2024, alleging investor fraud regarding undisclosed bribery allegations.
Key Entities
U.S. Securities and Exchange Commission (SEC)Gautam AdaniSagar AdaniU.S. District CourtEastern District of New YorkJudge Nicholas G. Garaufis