Order | Filed: August 14, 2026
| Entered: August 14, 2026
Susquehanna Securities, LLC et al v. John Does 1 Through 100
Securities/Commodities | New York Southern
Stipulation and Order
AMENDED STIPULATION AND ORDER REGARDING DISSOLUTION OF TEMPORARY RESTRAINING ORDER AS TO DEFENDANT YANG JINGYAO AND ENTRY OF LIMITED PRELIMINARY INJUNCTION: NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and between Plaintiffs and Mr. Yang, by and through their undersigned counsel, and subject to the approval of the Court, as follows: Modified Asset Freeze. Mr. Yang shall establish a new account held with Futu HK (the "New Account") and fund the New Account in the amount of $2,500,000.00. The New Account shall be subject to the TRO and limited preliminary injunction previously so-ordered at ECF 97. Mr. Yang agrees to provide corroborating documentation of the New Account and to request Futu HK to provide written confirmation to Plaintiffs confirming that the New Account has been funded in the amount of $2,500,000.00 and restrained from transferring, encumbering, removing, or otherwise conveying the assets held therein (the "Modified Asset Freeze"). Once the Modified Asset Freeze is in place, and upon Plaintiffs' written confirmation to Futu HK, the funds in the Margin Account shall be released from the TRO and any preliminary injunction in place. For the avoidance of doubt, the court-ordered restraint as to the Margin Account shall remain in effect pending Plaintiffs' confirmation to Futu HK that the Modified Asset Freeze is in place on the New Account. Eventual Dissolution of TRO as to the Accounts. All restraints imposed by the TRO, with the exception of the Modified Asset Freeze, shall be dissolved in their entirety as to Mr. Yang's account(s) with Futu HK provided that Mr. Yang has complied with all other requirements of this stipulation and order. Withdrawal of Objection to Preliminary Injunction. Mr. Yang does not object to the entry of a limited preliminary injunction as to him to the extent of the Modified Asset Freeze, and has withdrawn his Response in Opposition to Plaintiffs' Application for a Temporary Restraining Order and Order to Show Cause for a Preliminary Injunction, previously submitted at ECF Nos. 58 and 59. Permitted Release of Funds. Upon receipt by Futu HK of written confirmation from Plaintiffs that Mr. Yang has complied with all requirements of this stipulated order, including implementing the Modified Asset Freeze, the TRO restraints shall be released on the Margin Account, subject to the terms of this Order. No Waiver; Reservation of Rights. This Stipulation and Order is entered into as an interim arrangement only. By entering into this Stipulation and Order, no party admits any fact, liability, damages, wrongdoing, or entitlement to relief, and each party expressly preserves and does not waive any claims, defenses, objections, arguments, or rights, including with respect to personal jurisdiction, subject matter jurisdiction, service, venue, the merits, the availability or scope of injunctive relief, the amount of any alleged profits, tracing, attachment, or any other issue. Counterparts; Electronic Signatures. This Stipulation may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument. Signatures transmitted by PDF or other electronic means shall be deemed effective as originals. SO ORDERED. (Signed by Judge Arun Subramanian on 8/14/2026) (jjc)