Defendant Name:
China Northeast Petroleum Holdings Limited
Defendant Type:
Public Company
Document Reference:
court_doc146_12-cv-08696
Document Details
Legal Case Name
SEC (Plaintiff) v. China Northeast Petroleum Holdings Limited; Wang Hongjun (a/k/a Hongjun Wang); Ju Guizhi (a/k/a Guizhi Ju); and Jiang Chao (a/k/a Chao Jiang) (Defendants), Jiang Mingfu (a/k/a Mingfu Jiang); and Sun Jishuang (a/k/a Jishuang Sun), (Relief Defendants)
Document Name
Final Default Judgment as to Defendants China North East Petroleum Holdings Limited, Hongjun Wang, and Ju Guizhi, and Relief Defendant Jishuang Sun
Document Date
20-Sep-2016
Document Format
Civil Proceeding
Case Number
12-cv-08696
Federal District Court
New York, Southern District of New York
Federal District Judge
Naomi Reice Buchwald
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The Court stated: "The Court has determined that the requested default judgment as modified is appropriate based on the allegations in the Complaint, the failure of the Defendants to either appear and respond to the Complaint (Ju) or otherwise defend the case (CNEP, Wang and Sun), and the showing made by the Commission as to the need for the injunctive and monetary relief."
Disgorgement & Penalty Information
Monetary Penalties:
Disgorgement
Individual:
Shared:
$31,900,013.00
Shared with: Wang Hongjun; Ju Guizhi
Civil Penalty
Individual:
$5,000,000.00
Shared:
Pre-Judgment Interest
Individual:
Shared:
$7,028,386.66
Shared with: Wang Hongjun; Ju Guizhi
Other Defendants in Action: