MagnaChip (MX) $3.1M SEC Fair Fund

The settlement funds have been distributed to claimants.

$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

Disbursed

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

Disbursement date

06/05/2025

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