Defendant Name:
UTStarcom, Inc.
Defendant Type:
Public Company
SIC Code:
3660
CUSIP:
G9310A11
Document Reference:
34-57754
Document Details
Legal Case Name
In the Matter of UTStarcom, Inc., Hong Liang Lu and Michael J. Sophie
Document Name
Order Instituting Cease-and-Desist Proceedings, Making Findings, and Imposing a Cease-and-Desist Order Pursuant to Section 21C of the Securities Exchange Act of 1934
Document Date
01-May-2008
Document Format
Administrative Proceeding
AAER
2821
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On May 1, 2008, the SEC instituted settled cease-and-desist proceedings against UTStarcom, Inc. ("UTSI"), Hong Liang Lu ("Lu") and Michael J. Sophie ("Sophie") (collectively "Respondents"). The SEC stated: "This matter involves recurring internal control deficiencies and inaccurate financial filings by UTSI, a publicly-traded telecommunications company that has restated its financial statements three times since 2005 to correct multiple accounting irregularities."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Remedial Acts or Efforts Before the Resolution
Other Defendants in Action:
