District Court, S.D. New York March 27, 2014, No. 12 Civ. 8696(NRB) (Securities & Exchange Commission v. China Northeast Petroleum Holdings Ltd.)

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, District Judge.

Plaintiff, the Securities and Exchange Commission (the “SEC” or “plaintiff’), brings this action against China Northeast Petroleum Holdings Limited (“CNEP” or the “Company”), its former CEO Wang Hongjun (“Wang”), its former director Ju Guizhi (“Ju”), and its former Vice President of Corporate Finance and Secretary Jiang Chao (“Chao”), as