Thursday, January 4, 2024

USAO - New York, Southern News Update

U.S. Department of Justice
Offices of the United States Attorneys

 
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01/03/2024 07:00 AM EST

Damian Williams, the United States Attorney for the Southern District of New York, announced today that SRINIVASA KAKKERA and ABBAS SAEEDI were sentenced by U.S. District Judge Gregory H. Woods to 18 months and five months, respectively, for their participation in a scheme to commit insider trading based on material, non-public information ("MNPI") that a third co-defendant, Amit Bhardwaj, misappropriated from Bhardwaj's employer, Lumentum Holdings Inc. ("Lumentum").
 

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