S.E.C. v. CHINA ENERGY SAV. TECHNOLOGY, INC.

No. 06-CV-6402 (ADS)(AKT).

636 F.Supp.2d 199 (2009)

SECURITIES and EXCHANGE COMMISSION, Plaintiff, v. CHINA ENERGY SAVINGS TECHNOLOGY, INC., New Solomon Consultants, Chiu Wing Chiu, Lai Fun Sim a/k/a Stella Sim, Sun Li, Jun Tang Zhao, Defendants, and Amicorp Development Limited, Essence City Limited, Precise Power Holdings Limited, Yan Hong Zhao, Ai Qun Zhong, Tung Tsang, Relief Defendants.

United States District Court, E.D. New York.

July 6, 2009.


Attorney(s) appearing for the Case

Securities and Exchange Commission, by Alan M. Lieberman, Esq., Patrick Feeney, Esq., of Counsel, Washington, DC, for the Plaintiff.

Bressler, Amery & Ross, by David J. Libowsky, Esq., of Counsel, for the Relief Defendants.

No Appearance for Defendant China Energy Savings Technology, Inc., New Solomon Consultants, Chiu Wing Chiu, Lai Fun Sim a/k/a Stella Sim, Sun Li, and Jun Tang Zhao.


ORDER

SPATT, District Judge.

I. BACKGROUND

The Securities and Exchange Commission ("SEC") commenced this action against China Energy Savings Technology, Inc. ("China Energy"), New Solomon Consultants, Chiu Wing Chiu, Lai Fun Sim a/k/a Stella Sim, Sun Li, and Jun Tang Zhao (collectively, the "Defendants") alleging violations of: (1) Section 10(b) of the Securities Exchange Act of 1934 ("Exchange...

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