Defendant Name: Longfin Corp.

Defendant Type: Public Company
SIC Code: 9999
CUSIP: 54304F10

Initial Case Details

Legal Case Name SEC v. Longfin Corp., and Venkata S. Meenavalli
First Document Date 05-Jun-2019
Initial Filing Format Civil Proceeding
Case Number 19-cv-05296
Allegation Type Issuer Reporting and Disclosure
Federal District Court New York, Southern District of New York

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)
Securities Act
• Sec 17(a) (Not specified)
Additionally, Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Rule 12b-20 of the Exchange Act.
Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Sec 13(a) of the Exchange Act.
Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Rule 13a-1 of the Exchange Act.
Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Rule 13a-11 of the Exchange Act.
Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Rule 13a-13 of the Exchange Act.
Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Sec 13(b)(2)(A) of the Exchange Act.
Venkata S. Meenavalli is alleged to have aided and abetted Longfin Corp.'s violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

First Resolution Date 26-Sep-2019

Related Documents:

comp24492 05-Jun-2019 Complaint
Complaint
The SEC stated: "The Defendants in this action engaged in a scheme to obtain a listing on the NasdaqStock Market, LLC (the "NASDAQ") after a fraudulent public offering."
LR-24492 05-Jun-2019 Litigation Release
SEC Adds Fraud Charges Against Purported Cyptocurrency Company Longfin, CEO, and Consultant
The Commission stated: "The Securities and Exchange Commission today filed a new fraud action against Longfin Corp. and its CEO for falsifying the company's revenue and, together with a former Longfin consultant, for fraudulently securing the company's listing on Nasdaq."
2019-90 05-Jun-2019 Press Release--Civil Action
SEC Adds Fraud Charges Against Purported Cryptocurrency Company Longfin, CEO, and Consultant
The Commission stated: "The Securities and Exchange Commission today filed a new fraud action against Longfin Corp. and its CEO for falsifying the company's revenue and, together with a former Longfin consultant, for fraudulently securing the company's listing on Nasdaq."
court_doc36_19-cv-05296 26-Sep-2019 Court Docket Document
Final Judgment as to Defendant Longfin Corp.
On September 26, 2019, the Court entered final default judgments against defendant Longfin Corp.
LR-24625 30-Sep-2019 Litigation Release
SEC Obtains $6.8 Million Fraud Judgment Against Purported Cyrptocurrency Company Longfin Corp.
The Commission stated: "The Securities and Exchange Commission today announced that a federal court in New York has ordered Longfin Corp. to pay $6,755,848 in penalties and disgorgement for conducting a fraudulent public offering and falsifying revenue from sham commodities transactions."

Other Defendants in Action:

Venkata S. Meenavalli

Related Actions:

SEC v. Longfin Corp., Venkata S. Meenavalli, Amro Izzelden Altahwi a/k/a Andy Altahawi, Suresh Tammineedi, Dorababu Penumarthi
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In the Matter of Andy Altahawi
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In the Matter of Ravindranathan Raghunathan, CPA and Craig A. Golding, CPA
Ravindranathan Raghunathan, CPA
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In the Matter of CohnReznick LLP
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