Linklaters Secures Another Victory for Ramkumar Rayapureddy as SEC Drops Civil Action in Insider Trading Case

Linklaters’ U.S. Litigation, Arbitration, and Investigations practice has successfully defended Ramkumar Rayapureddy against the U.S. Securities & Exchange Commission’s civil enforcement action alleging insider trading in the securities of Mylan, one of the predecessor entities that combined to form Viatris Inc. The SEC agreed to dismiss its case with prejudice after Linklaters pursued an aggressive defense strategy and presented compelling evidence of Mr. Rayapureddy's innocence.

This is the second victory for Mr. Rayapureddy, who was also exonerated of parallel criminal charges brought by the Department of Justice in the Western District of Pennsylvania at the same time the SEC originally brought its case in November 2022. The DOJ dismissed all charges with prejudice in January 2024, just two weeks before trial as a result of Linklaters' defense.

Linklaters Partner Adam Lurie, who led the defense team alongside Partners Doug Davison and Richard Smith, said:

"We are delighted that Ram has been fully vindicated of these meritless allegations. He has shown remarkable courage and resilience throughout this long injustice and is looking forward to moving on with his life and his career."

The Linklaters team representing Mr. Rayapureddy also included Associates Rebecca Zeldin, Salma Shitia, Nicolle Sayers, Elizabeth Raulston, Max Blinder-Acenal, and Kailyn LaPorte. In addition, John A. Schwab, Attorney at Law, LLC, who is based in Pittsburgh, served as Linklaters’ co-counsel and was exceptional throughout the case. 

Linklaters U.S. Litigation, Arbitration & Investigations team includes an elite group of hand-picked trial lawyers, former DOJ and SEC officials, and strategists that is fully integrated with the firm’s nearly 400 market-leading litigation lawyers worldwide. Learn more about our Business Crime offering.