US EditionAdani vs SEC: Diplomatic Stalemate Makes Way for a Long Courtroom Battle
Gautam Adani retained Robert Giuffra Jr. as the SEC pursues alternative service after failed attempts to notify him and his nephew in India amid allegations of misleading statements.
- Gautam Adani recently tapped Robert Giuffra Jr., and U.S. counsel agreed to accept service in the SEC lawsuit on January 30, 2026.
- After failing to effect service abroad, the SEC said it was rebuffed in India and sought assistance under the Hague Convention in February 2025.
- Robert Giuffra Jr., co-chair of Sullivan & Cromwell, told a Federal Judge he agreed to accept the lawsuit for Gautam Adani and Sagar Adani and asked for more time to negotiate with the SEC while they remain in India.
- The joint application has been submitted to the court, and if approved, the Adanis would have 90 days to file a motion to dismiss or their defence, with the SEC able to file opposition within 60 days.
- AGEL reiterated it is not a party to the SEC case and faces no charges, while the defendants preserve all defenses and plan to move to dismiss or file responsive pleadings.
15 Articles
15 Articles
Adani vs SEC: Diplomatic stalemate makes way for a long courtroom battle
A year after stalling over summons issues, the SEC’s securities fraud case against Gautam and Sagar Adani moves forward, with both sides agreeing on service via US counsel and a long legal schedule.
Adani agrees to accept SEC notice in US civil fraud case, to respond in 90 days - The Tribune
The Securities and Exchange Commission had filed a lawsuit in November 2024 alleging that Gautam Adani and his nephew, Sagar Adani, violated US securities laws by making false and misleading representations about Adani Green Energy Ltd.
Times of India
The Economic TimesUS SEC fraud case against Gautam Adani can proceed after procedural matter resolved
The US Securities and Exchange Commission will serve Gautam Adani with a civil fraud lawsuit. This allows the regulator's case against the Indian businessman to move forward. Lawyers for Adani and his nephew Sagar Adani agreed to accept the legal papers. This avoids a court ruling on how they should be served.
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