SEC v. Bhardwaj

Dhirenkumar Patel and Ramesh Chitor allegedly engaged in insider trading that collectively generated ill-gotten gains of more than $1.6 million. According to the SEC, Patel traded in advance of the announcement of Lumentum’s acquisition of Coherent, Inc. on January 19, 2021, and Chitor traded in advance of the announcement of Lumentum’s acquisition of NeoPhotonics Corp. on November 4, 2021. Amit Bhardwaj, a former Lumentum, Inc. employee, appears to have provided the tips.

Summary generated from official Securities and Exchange Commission press release