United States v. Dayakar Mallu

PENDING CRIMINAL DIVISION CASES

United States v. Dayakar Mallu (2:21-cr-326; W.D. Pennsylvania)

Court Assigned: U.S. v. Mallu is assigned to the Honorable W. Scott Hardy, U.S. District Court for the Western District of Pennsylvania, Joseph F. Weis, Jr. U.S. Courthouse, Courtroom 6B, 700 Grant Street, Pittsburgh, PA 15219.


UPDATE – On September 17, 2021, defendant Dayakar Mallu, a resident of Orlando, Florida pleaded guilty to one count of conspiracy to commit securities fraud and one count of aiding in the preparation of a false tax return. The court has continued Mallu’s sentencing hearing to October 6, 2022 at 10:00 AM. Mallu faces a maximum penalty of 28 years in prison.


Criminal Charges: On August 3, 2021, Dayakar Mallu was charged via a criminal information with one count of conspiracy to commit securities fraud and one count of aiding in the preparation of a false tax return. According to the information, Mallu conspired with others to trade in the securities of Mylan, N.V., a NASDAQ-listed public company, of which Mallu was a former employee, in advance of corporate announcements concerning drug approvals, financial earnings, and a merger.

For information about the charges in this case, please see below:
Press Release – Mallu
Information – Mallu
Amended Information – Mallu

The information on this website will be updated as new developments arise in the case. If you have any questions, please call the Victim Assistance Line toll-free at (888) 549-3945 or email us at victimassistance.fraud@usdoj.gov.


Crime Victims’ Rights Act and Right to Retain Counsel: The Crime Victims’ Rights Act (18 U.S.C. § 3771) applies only to victims of the counts charged in federal court, and thus individuals may not be able to exercise all of these rights if the crime of which the individual is a victim was not charged. Section 377I(c)(2) of this Act requires that we advise you that you have the right to retain counsel. Although the statute specifically sets forth your right to seek advice of an attorney with regard to your rights under the statute, there is no requirement that you retain counsel. The Government may not recommend any specific counsel, nor can the Government (or the Court) pay for counsel to represent you. Government attorneys represent the United States.

If you elect to obtain counsel to represent your interests, please have your attorney notify this office in writing at: U.S. Department of Justice, Criminal Division, Fraud Section, 10th & Constitution Avenue, NW, Bond Building, 4th Floor, Washington, DC 20530, Attention: Victim Witness Unit; fax: (202) 514-3708; or email: victimassistance.fraud@usdoj.gov (link sends e-mail). If you elect not to retain counsel to represent your interests, you do not need to do anything.

 
 
Updated May 13, 2022

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