Defendant Name:
Zhou Min Ni
Defendant Type:
Individual
Document Reference:
judg26023-zmn
Document Details
Legal Case Name
SEC v. Zhou Min Ni; and Jian Ming Ni, also known as Jonathan Ni, also known as Jianming Ni
Document Name
Final Judgment as to Defendant Zhou Min Ni
Document Date
10-Jun-2024
Document Format
Civil Proceeding
Case Number
24-cv-01632
Federal District Court
District of Columbia, District of Columbia
Federal District Judge
Dabney L. Friedrich
Allegation Type
Issuer Reporting and Disclosure
Disgorgement & Penalty Information
Resolutions
Enjoinment
The Court ordered that: "The disgorgement and prejudgment interest amounts are deemed satisfied by Zhou Min Ni’s prior payment of $9.25 million in the settlement of a shareholder derivative lawsuit, James C. Bishop v. Zhou Min Ni, et al., Civ. Action No. 2022-0736-JTL (Del. Ch. Sept. 8, 2023)."
Bars:
- Bar from acting as Director or Officer of a public company (of unspecified duration)
- Bar from "directly or indirectly participating in the management of, or otherwise exercising any control or influence over, HF Foods Group Inc. and any of its successors[.]" (of permanent duration)
Monetary Penalties:
Disgorgement
Individual:
$5,102,883.27
Shared:
Civil Penalty
Individual:
$300,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,368,361.52
Shared:
Clawback provision under Section 304(a) Sarbanes-Oxley Act: ""
Individual:
$963,024.00
Shared:
Other Defendants in Action:
