Nellore

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION, Case No. 19-cv-08207-RS

Plaintiff,

ORDER GRANTING MOTION FOR

v. SUMMARY JUDGMEMENT

SIVANNARAYANA BARAMA, Defendant.

15 I. INTRODUCTION Janardhan Nellore was an IT administrator employed by Palo Alto Networks, Inc. (“PAN”). The Securities and Exchange Commission (“SEC”) brought this action against Nellore and four other individuals, alleged to have been Nellore’s friends, asserting the defendants engaged in a scheme over several years to trade illegally in PAN’s stock based on advance inside information Nellore obtained regarding the company’s earnings results. Judgments have previously been entered in this action against all defendants except Sivannarayana Barama. The SEC now seeks summary judgment against Barama, based on the collateral estoppel effects of a criminal judgment entered against him following a jury trial, arising from the same…