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MX.US
id: 1059

MagnaChip (MX) $3.1M SEC Fair Fund

The process of distributing settlement funds to claimants has started.
$3,135,000
Cash Settlement
SEC
Court
3-17956
Case number
02/01/2012
Class period Start
02/12/2015
Class period End
12/06/2023
Claim deadline
MagnaChip (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 Type
SEC Fair Fund
Case Status
Disbursement
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

MagnaChip Semiconductor

Magnachip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and supplies analog and mixed-signal semiconductor platform solutions for communications, the Internet of...

    Ticker
    MX.US
    ISIN
    US55933J2033
    CIK
    0001325702
    Sector
    Technology
    Industry
    Semiconductors
    Country
    USA
    Address
    15F, 76, Jikji-daero, Cheongju-Si, South Korea, 28581