Defendant Name: Yuhe International, Inc.

Defendant Type: Public Company

Document Reference: court_doc9_13-cv-01598

Document Details

Legal Case Name SEC v. Yuhe International, Inc., and Gao Zhentao
Document Name Final Judgment Against Defendant Yuhe International, Inc.
Document Date 19-May-2014
Document Format Civil Proceeding
Case Number 13-cv-01598
Federal District Court District of Columbia, District of Columbia
Federal District Judge Royce C. Lamberth
Allegation Type Issuer Reporting and Disclosure
Document Summary 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.

Disgorgement & Penalty Information

Resolutions
Enjoinment
Default judgment
Monetary Penalties:

Disgorgement

Individual:     Shared:     $27,000,000.00
Shared with: Gao Zhentao

Civil Penalty

Individual:     $27,000,000.00 Shared:    

Pre-Judgment Interest

Individual:     Shared:     $3,553,787.45
Shared with: Gao Zhentao

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."

Other Defendants in Action:

Gao Zhentao

Related Actions:

In the Matter of Child, Van Wagoner & Bradshaw, PLLC, Russell E. Anderson, CPA, and Marty Van Wagoner, CPA
Child, Van Wagoner & Bradshaw, PLLC
Russell E. Anderson, CPA
Marty Van Wagoner, CPA