Defendant Name: Longfin Corp.

Defendant Type: Public Company

Document Reference: court_doc117_18-cv-02977

Document Details

Legal Case Name SEC v. Longfin Corp., Venkata S. Meenavalli, Andy Altahawi, Suresh Tammineedi, and Dorababu Penumarthi
Document Name Final Judgment as to Defendant Longfin Corp.
Document Date 06-Aug-2019
Document Format Civil Proceeding
Case Number 18-cv-02977
Federal District Court New York, Southern District of New York
Federal District Judge Denise L. Cote
Allegation Type Securities Offering
Document Summary The Court stated: "It is hereby ordered, adjudged, and decreed that Defendant Longfin Corp. is permanently restrained and enjoined from violating Section 5 of the Securities Act of 1933 . . . It is hereby further ordered, adjudged, and decreed that Defendant is liable for a civil penalty of $284,139."

Disgorgement & Penalty Information

Resolutions
Enjoinment
Monetary Penalties:

Civil Penalty

Individual:     $284,139.00 Shared:    

Related Documents:

comp-pr2018-61 04-Apr-2018 Complaint
Complaint
The Commission stated: "This action concerns over $27 million in unregistered distributions of Defendant Longfin securities in a public distribution by Longfin affiliates between December 2017 and February 2018."
2018-61 06-Apr-2018 Press Release--Civil Action
SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin
The Commission stated: "The Securities and Exchange Commission has obtained a court order 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 CEO, and three other affiliated individuals."
LR-24106 09-Apr-2018 Litigation Release
SEC Obtains Emergency Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin
The Commission stated: "The Securities and Exchange Commission has obtained a court order 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 CEO, and three other affiliated individuals."
LR-24130 02-May-2018 Litigation Release
SEC Obtains Preliminary Injunction Continuing Freeze of $27 Million in Stock Sales of Purported Cryptocurrency Company Longfin
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."

Related Actions:

SEC v. Longfin Corp., and Venkata S. Meenavalli
Longfin Corp.
Venkata S. Meenavalli
In the Matter of Andy Altahawi
Andy Altahawi
In the Matter of Ravindranathan Raghunathan, CPA and Craig A. Golding, CPA
Ravindranathan Raghunathan, CPA
Craig A. Golding, CPA
In the Matter of CohnReznick LLP
CohnReznick LLP