Former Mylan Executive Pleads Guilty To Insider Trading, Preparing False Tax Return

By: KDKA-TV News Staff

CECIL TOWNSHIP, Pa. (KDKA) - A former Mylan executive has pleaded guilty to insider trading and preparing a false tax return.

The Justice Department says Dayakar Mallu, who now lives in Orlando, faces more than 25 years in prison.

Investigators say Mallu made more than $4 million from insider trading.

Mylan is based in Cecil Township.