Ex-Mylan Executive Pleads Guilty Over Insider-Trading Allegations

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A former tech executive of generic drugmaker Mylan pleaded guilty to using tips from his boss to illicitly trade in the company’s securities

WASHINGTON—A former technology executive of generic drugmaker Mylan NV pleaded guilty Friday to allegations that he illicitly traded in the company’s securities using tips from another company insider.

Dayakar Mallu, a former vice president of global operations information technology, earned $4.2 million by trading on lucrative information from Mylan’s former chief information officer, who was his boss at the company, according to a charging document filed in federal court in Pennsylvania. Mylan merged with Pfizer Inc.’s Upjohn business last year

 

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