SEC Adani Fraud Case Gets Path to Advance in Brooklyn Court (1)

The US Securities and Exchange Commission’s fraud case against Gautam Adani on Friday cleared a procedural hurdle that had for months stalled the lawsuit against the Indian billionaire.

Robert Giuffra Jr., co-chair of white-shoe law firm Sullivan & Cromwell, told a federal judge that he reached an agreement to accept the lawsuit on Adani’s behalf. Court filings also showed that US-based lawyers agreed to accept formal notification of the lawsuit on Sagar Adani, who was also sued by the SEC in November 2024.

The SEC’s lawsuit, filed in November 2024, alleges that Gautam and his nephew Sagar violated ...