News & Analysis as of

China Reverse Mergers

Orrick, Herrington & Sutcliffe LLP

Unwound: UK government orders reversal of semiconductor deal on national security grounds

The UK government has exercised its powers under the UK’s national security and investment regime to unwind Chinese-owned Nexperia’s acquisition of Newport Wafer Fab (“NWF”), a semiconductor wafer factory located in Newport,...more

Dorsey & Whitney LLP

Underwriter, Two Employees Charged By SEC

Dorsey & Whitney LLP on

The SEC brought another case tied to Chinese reverse mergers. This one differs from many earlier actions which focused on the company and or the executives. This action names as defendants one broker-dealer and two of its...more

Katten Muchin Rosenman LLP

SEC Charges Five Co-Conspirators in Reverse Merger Scheme

On May 5, the Securities and Exchange Commission brought charges in the US District Court for the District of New Jersey against a Toronto-based consultant and four associates for running a scheme to illegally reap millions...more

Dorsey & Whitney LLP

SEC Files Partially Settled Manipulation Action

Dorsey & Whitney LLP on

The Commission brought another action centered on reverse mergers involving Chinese issuers. This action differs from earlier cases, however, since it focuses on the promoters who are charged with manipulating the shares...more

Sheppard Mullin Richter & Hampton LLP

Between Mortar and Pestle: SEC Pressure Grinds Auditors Against PRC State Interests

Comity among US and Chinese regulators may top this New Year’s wish list for United States-listed companies in China. After a failed six-month pursuit of a diplomatic solution, the SEC revived its federal court petition to...more

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