Alleged Law Firm Hackers Hit With SEC Injunction

Law360, New York (January 9, 2017, 6:45 PM EST) -- A New York federal judge on Monday granted a request by the U.S. Securities and Exchange Commission for a preliminary injunction and asset freeze against four Chinese hackers accused of reaping $4 million in illegal profits using insider information about pending corporate deals hacked from the computer systems of two top New York law firms.

U.S. District Judge Valerie Caproni’s order said that given the SEC’s likelihood of prevailing at trial, the four were enjoined violating the Exchange Act and ordered not to conceal, transfer or...
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Case Information

Case Title

U.S. Securities and Exchange Commission v. Hong et al


Case Number

1:16-cv-09947

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Valerie E. Caproni

Date Filed

December 27, 2016

Government Agencies

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