Rahul Mukhi’s practice focuses on criminal, securities, and other enforcement and regulatory matters as well as on complex commercial litigation.

Rahul joined the firm in 2005. From 2010 to 2016, Rahul worked in the U.S. Attorney’s Office for the Southern District of New York as an Assistant U.S. Attorney. He was a lead prosecutor on significant cases involving public corruption, cybercrime, financial and tax fraud, health care fraud, money laundering, and international organized crime. During his tenure, he conducted 10 jury trials and was responsible for some of the office’s most high-profile matters. Rahul received the Attorney General’s Award for Distinguished Service, one of the U.S. Department of Justice’s highest honors.

Rahul rejoined the firm as counsel in 2016. Both before and after his time at the U.S. Attorney’s Office, Rahul has represented numerous corporations and individuals in connection with government and regulatory investigations, and he has spoken and written about issues related to criminal law, anti-corruption, cybersecurity, and foreign sovereign immunity. He became a partner in 2019.

Notable Experience

  • National Amusements and the Redstone Family in  Delaware Chancery Court litigation against CBS  Corporation and certain members of its board of  directors concerning CBS’s attempt to dilute  NAI’s voting control of CBS, ending in a  favorable settlement rescinding dilutive stock  dividend and dismissal of all claims.

  • Petrobras and current and former officers and directors in securities fraud class action litigation and 29 individual actions in the U.S. District Court for the Southern District of New York in connection with Operation Carwash — reportedly the largest corruption scandal in Latin American history.

  • Punjab National Bank in U.S. proceedings arising out of India’s biggest-ever bank scam involving Nirav Modi and Mehul Choski, including in connection with investigations being conducted by the U.S. Bankruptcy Examiner and court-appointed Trustee.  

  • A global FCPA review for a Fortune 50 consumer products company covering more than 20 jurisdictions.

  • An insider trading investigation for a major investment bank.

  • A major foreign commercial bank in regulatory proceedings regarding allegations of manipulation and collusion in the foreign exchange market.

  • An internal investigation related to a company’s IT department and involving potential cybersecurity vulnerabilities.

  • A Fortune 100 retailer in connection with cybersecurity and privacy matters.  

  • The Government of Argentina in its long-running litigation against bond creditors.

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Publications

July 2019 Privacy and Cybersecurity Enforcement: Lessons for Management and Directors,” Cleary Cybersecurity and Privacy Watch blog, August 5, 2019 (co-authored with Jonathan S. Kolodner, Pamela L. Marcogliese, Alexis Collins, and Anne Titus Hilby); republished by Law360, August 7, 2019

H.R. 2534: Insider Trading Prohibition Act – Congress Considers Enacting Changes to Insider Trading Law Under Section 10(b),” Harvard Law School Forum on Corporate Governance and Financial Regulation, July 26, 2019, (co-authored with Shannon Daugherty and Destiny Dike)

Recent Cyber Security and Data Privacy Developments,” Financier Worldwide, July 2019, (co-authored with Jonathan S. Kolodner and Katherine Mooney Carroll) 

2018 Cybersecurity and Data Privacy Developments: A Year in Review,” January 29, 2019 (co-authored with Daniel Ilan, Jonathan S. Kolodner, Pamela L. Marcogliese, Katherine Mooney Carroll, Alexis Collins, and Emmanuel Ronco) republished February 6, 2019, by The Columbia Law School Blue Sky Blog

Second Circuit Denies Gupta Appeal of Insider Trading Conviction—Continuing to Give Broad Meaning to “Personal Benefit” Requirement,” Cleary Enforcement Watch blog, (co-authored with Joon H. Kim, Alexander Janghorbani, Shannon Daugherty, and Destiny Dike) republished January 17, 2019 by New York University School of Law Compliance & Enforcement Blog

U.S. Criminal Prosecution Based on Panama Papers Hack Raises Novel Legal Issues,” Cleary Gottlieb Alert Memo (January 2019); republished by The Columbia Law School Blue Sky Blog (January 2019)

California District Court Dismisses Securities Class Action After Plaintiffs Failed to Plead that PayPal Knew Magnitude of Security Breach,” (co-authored with Roger A. Cooper, Alexis Collins and Miranda Gonzalez)  

DC Circ. Rules On Sovereign Immunity In Mueller Case,” Law360, January 2, 2019 (co-authored with Carmine Boccuzzi, Joon Kim, Jonathan Kolodner and Rathna Ramamurthi) 

Ohio District Court: No Standing Where Patients’ Medical Records “Might” Be Accessed Improperly Due To A Cybersecurity Vulnerability,” (co-authored with Anne Titus Hilby)

Lessons Learned from the CBS-NAI Dispute: Rights of Board Members to Access Privileged Communications with Company Counsel,” (co-authored with Victor L. Hou and Jessica Thompson)

The SEC and State AGs Announce Settlements With VFA and Uber Over Data Breaches,” (co-authored with Soo Jee Lee)

DOJ Announces New Inter-Agency Task Force on Market Integrity and Consumer Fraud,” (co-authored with Jonathan S. Kolodner and Erin C. Gallagher)

California’s Groundbreaking Privacy Law: The New Front Line in the U.S. Privacy Debate,” (co-authored with Michael H. Krimminger, Katherine Mooney Carroll, Pamela L. Marcogliese, Daniel Ilan, Jonathan S. Kolodner, Alexis Collins, Gareth Kristensen, Jane C. Rosen, Martha E. Vega-Gonzalez, and Anne Titus Hilby) 

Supreme Court Holds Mandatory Federal Restitution Statute Does Not Cover Certain Professional Costs Incurred by Corporate Victims,” (co-authored with Joon H. Kim, Rusty Feldman and Samantha Del Duca) 

GDPR Compliance: Tips for What Comes After May 25,” (co-authored with Emmanuel Ronco, Anne Titus Hilby, Tanner Mathison and Adam Motiwala)

Yahoo’s Successor Settles First-Ever Case Involving SEC Charges for Failing to Disclose a Cybersecurity Incident,” (co-authored with Matt Solomon, Pam Marcogliese and Kal Blassberger) 

U.S. Supreme Court Weighs Mandatory Restitution for Corporate Victims’ Professional Costs,” (co-authored with Joon H. Kim, Rusty Feldman and Samantha Del Duca); republished by the New York University School of Law Compliance & Enforcement Blog 

State Attorneys General Warn Against Federal Data Breach Bill,” (co-authored with Kal Blassberger)  

The SEC Cyber Unit’s First 6 Months, and What’s Ahead,” (co-authored with Jonathan Kolodner, Matthew Solomon, and Anne Titus Hilby) 

Department of Justice Indicts Iranian Hackers, Revealing Significant Data Breach and Targeting of Intellectual Property of Private Companies and Educational Institutions,” (co-authored with Alexis Collins and Tanner Mathison) 

FBI Director: FBI Might Not Share Information With Adversarial Authoritie,” (co-authored with Jonathan S. Kolodner and Joseph M. Kay) 

DOJ And SEC Charge Former Equifax Executive With Insider Trading,” (co-authored with Alexis Collins and Kal Blassberger) 

Ninth Circuit Reverses Dismissal For Lack of Standing in Data Breach Case,” (co-authored with Alanna B. Newman)

Pennsylvania Attorney General Sues Uber Over Data Breach,” (co-authored with Kal Blassberger)

 “Cybersecurity Key Operational Risk in OCC’s Semiannual Risk Perspective Report,” (co-authored with Britta Redwood)

Recent Enforcement Actions by Regulators Show Continued Focus on Cybersecurity and Data Protection Issues,” (co-authored with Jonathan S. Kolodner and Richard Cipolla)

Yahoo! Enters Proposed Settlement in Data Breach Securities Class Action,” (co-authored with Roger A. Cooper and Kal Blassberger)

Supreme Court Declines to Review Standing in the Data Breach Context Despite Ongoing Circuit Split,” (co-authored Tanner Mathison) 

Data Privacy Class Action Against Facebook Survives Motion To Dismiss,” (co-authored with Gregory N. Wolfe)

 “Cleary Discusses SEC’s Freeze of Allegedly Fraudulent “Decentralized Bank” ICO,” (co-authored with James Michael Blakemore)

New Rules for Searching Electronic Devices at the U.S. Border,” (co-authored with Britta Redwood)

Cleary Discusses Cybersecurity and Data Privacy Developments:  A Look Back on 2017 and Ahead to 2018,” (co-authored with Jonathan S. Kolodner and Daniel Ilan)

US China Business Council Lays Out Recommendations to Improve China’s Cybersecurity Regulations,” (co-authored with Zheng (Jonathan) Zhou) 

How The Cybersecurity Legal Landscape Changed In 2017,” Law360, January 19, 2018 (co-authored with Jonathan S. Kolodner and Daniel Ilan) 

Illinois Appellate Court Holds That Mere Technical Violations Of Data Privacy Statute Are Insufficient To State A Claim,” (co-authored with Jonathan S. Kolodner and Gregory N. Wolfe) 

2018 Brings Continued Calls for a Federal Data Protection and Breach Statute,” (co-authored with Britta Redwood) 

Second Circuit Issues Order Affirming Dismissal of Data Privacy Class Action Suit,” (co-authored with Jonathan S. Kolodner and Richard Cipolla) 

Massachusetts Attorney General Settles For Data Breach Over Stolen Laptop—Sign of Increased Enforcement Scrutiny?,” (co-authored with Jonathan S. Kolodner and Richard Cipolla) 

The SEC Warns That Celebrity Endorsements of Virtual Currency May Violate Federal Securities Laws,” (co-authored with Jonathan S. Kolodner) 

SEC Chairman Offers Views on Initial Coin Offerings,” (co-authored with James Michael Blakemore)  

Newly Created SEC Cyber Unit Takes First Action Against Allegedly Fraudulent ICO,” (co-authored with James Michael Blakemore) 

With Equifax Looming, Split on Standing in Data Breach Cases Grows With Recent Decisions,” Pratt’s Privacy & Cybersecurity Law Report, (co-authored with Jonathan Kolodner and Tanner Mathison) 

In Wake of the Equifax Breach, New York’s Attorney General Proposes New, Stricter Data Privacy Law” (co-authored with Jonathan S. Kolodner and Richard Cipolla) 

“Tickets To Roberts Court: Good For This Day And Train Only?,” Law360, July 31, 2017 (co-authored with David Felton)

 Recent Developments Highlight Measures To Mitigate Litigation and Regulatory Exposure From Cyber-Attacks, June 22, 2017 (co-authored with Jonathan S. Kolodner
and Daniel Ilan) 

“Ethics of Using Hacked Information to Prosecute Criminal and Civil Claims,” New York Law Journal, January 4, 2017 (co-authored with Martha Vega-Gonzalez)

“Leveraging ’McDonnell’ in Defending FCPA Enforcement Actions,” New York Law Journal, October 28, 2016 (co-authored with David Felton)  

Events