Defendant Name: Yuhe International, Inc.

Defendant Type: Public Company
SIC Code: 6799
CUSIP: 98843210

Initial Case Details

Legal Case Name SEC v. Yuhe International, Inc., and Gao Zhentao
First Document Date 18-Oct-2013
Initial Filing Format Civil Proceeding
Case Number 13-cv-01598
Allegation Type Issuer Reporting and Disclosure
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
• Rule 12b-20
• Sec 13(a)
• Rule 13a-1
• Rule 13a-11
• Rule 13a-13
• Sec 13(b)(2)(A)
• Sec 13(b)(2)(B)
• Sec 14(a)
• Rule 14a-3
• Rule 14a-9
Securities Act
• Sec 17(a)(1)
• Sec 17(a)(2)
• Sec 17(a)(3)
• Sec 17(a) (Not specified)
Additionally, Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 10(b) + Rule 10b-5 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Rule 12b-20 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 13(a) of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Rule 13a-1 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Rule 13a-11 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Rule 13a-13 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 13(b)(2)(A) of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 13(b)(2)(B) of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 14(a) of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Rule 14a-3 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Rule 14a-9 of the Exchange Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 17(a)(2) of the Securities Act (willfully/knowingly).
Gao Zhentao is alleged to have aided and abetted Yuhe International, Inc.'s violation of Sec 17(a)(3) of the Securities Act (willfully/knowingly).

Resolutions

First Resolution Date 19-May-2014
Headline Total Penalty and Disgorgement $71,707,768

Related Documents:

LR-22848 18-Oct-2013 Litigation Release
SEC Files Fraud Charges Against Yuhe International, Inc., and Its CEO
On October 18, 2013, the SEC announced a filing of fraud and related charges against Yuhe International, Inc. and its CEO. The SEC alleges that Yuhe "made false public statements concerning an acquisition Yuhe claimed to have executed in 2009."
comp22848 18-Oct-2013 Complaint
Jury Trial Demanded, Complaint for Injunctive Relief
On October 18, 2013, the SEC filed a complaint against Yuhe International, Inc. According to the SEC: "This case concerns false public statements made by Yuhe, a China-based company under Gao's direction and control whose stock, during the relevant time, traded in the United States on the NASDAQ. Between approximately December 2009 and June 2011, Yuhe misled its public investors by disseminating a series of materially" false statements concerning a purported acquisition for more than $15 million. In truth, the acquisition never occurred, and Gao used his power as CEO to divert more than $12 million that purportedly was used for the acquisition to a private account he controlled."
court_doc9_13-cv-01598 19-May-2014 Court Docket Document
Final Judgment Against Defendant Yuhe International, Inc.
On May 19, 2014, Judge Royce C. Lamberth entered Final Judgment against defendant Yuhe International, Inc. The Final Judgment was pursuant to the SEC's Motion for Default Judgment against Yuhe International, Inc.

Other Defendants in Action:

Gao Zhentao

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