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Replies to post #40835 on Hartcourt Companies (fka HRCT)

Replies to #40835 on Hartcourt Companies (fka HRCT)
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MrBankRoll

11/06/03 2:23 PM

#40838 RE: 1moodyblue #40835

No, Mr. Phan was CEO at the time. And, YEAH!?!?! It's extremely important how it's worded. Absolutely critical that an innocent bystander doesn't get mentioned as a defendant in a lawsuit. Com'on!?!?!?!
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MrBankRoll

11/06/03 2:34 PM

#40840 RE: 1moodyblue #40835

Worded a little different, but, maybe this will help......

U.S. Securities and Exchange Commission
Litigation Release. No. 18187 /June 10, 2003
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.