Defendant Name:
Longfin Corp.
Defendant Type:
Public Company
Document Reference:
LR-24130
Document Details
Legal Case Name
SEC v. Longfin Corp., Venkata S. Meenavalli, Amro Izzelden Altahwi a/k/a Andy Altahawi, Suresh Tammineedi, Dorababu Penumarthi
Document Name
SEC Obtains Preliminary Injunction Continuing Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin
Document Date
02-May-2018
Document Format
Civil Proceeding
Case Number
18-cv-02977
Federal District Court
New York, Southern District of New York
Allegation Type
Securities Offering
Document Summary
The Commission stated: "On May 1, 2018, a federal district court in Manhattan granted the Securities and Exchange Commission's motion for a preliminary injunction, extending until the conclusion of the case the emergency order previously entered by the court freezing more than $27 million in trading proceeds from allegedly illegal distributions and sales of restricted shares of Longfin Corp. stock involving the company, its Chief Executive Officer, Venkata S. Meenavalli, and three affiliated individuals, Andy Altahawi, Dorababu Penumarthi, and Suresh Tammineedi."
Other Defendants in Action:
