CSG Law Announces Successful Resolution of Securities Fraud Case Against Pavandeep Bakshi

Chiesa Shahinian & Giantomasi PC (“CSG Law”) is pleased to announce that a case brought by the U.S. Attorney’s Office against Pavandeep Bakhshi of the United Kingdom has been successfully resolved.

Mr. Bakhshi, a former member of the board of directors of a healthcare company, was charged in December 2018 with securities fraud in connection with an alleged scheme to defraud investors of $300 million. Following years of motion practice and numerous discussions with the U.S. Attorney’s Office, Mr. Bakhshi’s legal team was able to reach a plea agreement to a superseding information to a single misdemeanor count of delivering a false certificate or writing.

The District Court sentenced Mr. Bakhshi to an unprecedented 0 months, with no probation and no supervised release. He was also ordered to a pay a fine of $5,000.

“This is an incredible win for CSG Law and, more importantly, Mr. Bakhshi,” said Lee Vartan of CSG Law. “We were able to convince the U.S. Attorney’s Office that its $300 million securities fraud indictment was wrong—at least with respect to Mr. Bakhshi—and have it dismissed in its entirety. After a long road, Mr. Bakhshi can finally resume normalcy with his family and his business. His good name has been vindicated.”

Lee Vartan, Melissa Wernick, and Alan Mohl of CSG Law served as co-counsel to Mr. Bakhshi, along with Frank Monsour of Orrick.