Civil Securities case: U.S. SEC, Adanis jointly seek extension; propose revised schedule

The U.S. Securities and Exchange Commission (SEC) and Indian businessmen Gautam Adani and Sagar Adani person jointly requested a U.S. tribunal for much clip to record cardinal submissions successful a civilian securities case, proposing a revised docket for motions and responses.

In a filing earlier the U.S. District Court for the Eastern District of New York, the parties said they had conferred successful enactment with the court's April 7 directive and agreed connected a caller timeline, which has been submitted for support to Judge Nicholas G. Garaufis.

The SEC had sued Adani Group laminitis Gautam Adani and his nephew, Sagar, successful November 2024, alleging they had misled investors by failing to disclose an alleged bribery strategy tied to Indian authorities officials, framing the lawsuit nether U.S. securities laws.