MX.US
id: 1059
MagnaChip (MX) $3.1M SEC Fair Fund
Late claims are being considered for compensation, subject to approval.
SEC
Court3-17956
Case number02/01/2012
Class period Start02/12/2015
Class period End12/06/2023
Claim deadlineMagnaChip (MX) pays $3.135 million to investors through the SEC Fair Fund to end claims over improper and fraudulent accounting practices intended to artificially inflate revenue and meet gross margin targets MagnaChip had previously announced to the public.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management
Security Type
Stocks
Trade Direction
Long
Filing date
05/01/2017
Defendants
Margaret Hye-Ryoung Sakai
Administrator
Strategic Claims Services
Trades matching type
FIFO
+$3,135,000
Cash Settlement Amount