How is this a civil suit and not effect HRCT?????
Securities and Exchange Commission v. The Hartcourt Companies, Inc., Alan V. Phan, And Yongzhi Yang, Civil Action No.CV 03-3698 LGB (PLAx) (C.D. Cal.)
The Securities and Exchange Commission announced that on May 27, 2003, it filed a complaint in federal district court in Los Angeles against The Hartcourt Companies, Inc., based in Long Beach, California, Alan V. Phan, Hartcourt's former Chairman, CEO and President and a resident of Long Beach, and Yongzhi Yang of Los Angeles. The complaint alleges that the defendants participated in a scheme to illegally raise money for Hartcourt by using a Form S-8 registration statement........
