Securities and Exchange Commission v. Hu, No. 1:2020cv05496 - Document 32 (S.D.N.Y. 2022)

Court Description: FINAL JUDGMENT AS TO DEFENDANT DAVID HU: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating, directly or indirectly, Section 1O(b) of the SecU1ities Exchange Act of 1934 (the "Exchan ge Act") [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated thereunder [17 C.F.R. § 240.10b-5], by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in co nnection with the purchase or sale of any security: As further set forth by this Order. IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $4,798,232, representing his ill-gotten gains as a result of the conduct alleged in the Complaint, together with prejudgment interest in the amount of $461,477. However, Defendant's obligation to pay disgorgement and prejudgment interest shall be deemed satisfied upon entry of this Final Judgment by the order of restitution entered against him in United States v. Hu, et al., 20 Cr. 360 (S.D.N.Y.) (Alfi) (Dkt. No. 86). (Signed by Judge Denise L. Cote on 9/22/2022) (tg)