Latest Securities Fraud Lawsuit News & Updates

New York, April 8 (IANS) Emphasising that the lawsuit brought by the Securities and Exchange Commission (SEC) against him falls outside the US jurisdiction and fails to establish any wrongdoing, billionaire industrialist Gautam Adani has moved a US court seeking dismissal of the securities fraud lawsuit.Arguing that the case represents an impermissible extraterritorial application of US law and fails for lack of personal jurisdiction, Gautam Adani and his nephew Sagar Adani have asked a court in…