SEC v HENRY C. YUEN and ELSIE MA LEUNG


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Keywords & Phrases

CaseNo: LR-18095, CourtCode: DIS, CourtName: APPLICATION IN UNITED STATES DISTRICT COURT IN LOS ANGELES AGAINST, Defendant: Henry C. Yuen and Elsie Ma Leung, Plaintiff: SEC, UniqueCaseRef: SEC>LR-18095, Testimony, Contempt, Gemstar-tv, Securities, Civil Contempt, Exchange Commission, Requests, Violating, Testify, Requiring, Subpoena, Enforcement, Leung, Henry, Stipulated Order, Impose, Yuen Purges, Subpoena Enforcement Action, Compel, Elsie, Former Cfo, Entry, Provided Testimony, Connection, Ongoing Investigation, Antifraud, Provisions, Federal Securities Laws, Public Reporting , ContentID: 120255561

Case Documents

2003-04-18

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 132851

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

COURT
CONTEMPT
GEMSTAR-TV
SECURITIES
CIVIL CONTEMPT
EXCHANGE COMMISSION
REQUESTS
VIOLATING
TESTIFY
REQUIRING
SUBPOENA
ENFORCEMENT
LEUNG
HENRY
STIPULATED ORDER
IMPOSE
YUEN PURGES
SUBPOENA ENFORCEMENT ACTION
COMPEL
ELSIE
FORMER CFO
ENTRY
PROVIDED TESTIMONY
CONNECTION
ONGOING INVESTIGATION
ANTIFRAUD
PROVISIONS
FEDERAL SECURITIES LAWS
PUBLIC REPORTING

SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 18095 / April 18, 2003

   , Case No. CV 03-1754 DT(SHSx) (C.D. Cal.)

   FORMER GEMSTAR-TV GUIDE INTERNATIONAL CEO NAMED IN CIVIL CONTEMPT
   PROCEEDING

   Today the Securities and Exchange Commission filed a civil contempt
   application in United States District Court in Los Angeles against
   Henry C. Yuen, the former CEO of Gemstar-TV Guide International. The
   SEC requests that the Court hold Yuen in contempt for violating a
   court order compelling his testimony in the SEC's investigation
   concerning Gemstar. The SEC alleged that Yuen failed to testify on
   April 16 and 17, 2003, as required by the Court's March 13, 2003
   Stipulated Order. The SEC is requesting that the Court hold Yuen in
   contempt, and order him incarcerated and impose a daily civil fine of
   $50,000, doubling daily, until Yuen purges his contempt by appearing
   for testimony.

   On March 12, 2003, the SEC filed a subpoena enforcement action to
   compel the testimony of Yuen and Elsie Ma Leung, the former CFO of
   Gemstar. Yuen and Leung agreed to the entry of a court order enforcing
   the subpoenas and setting designated dates for their testimony. The
   Court entered an order requiring Yuen to testify before the SEC on
   April 1, 16-18 and 21-22. Yuen appeared and provided testimony on
   April 1, 2003, but failed to provide testimony on April 16 or April
   17. The SEC seeks Yuen's testimony in connection with an ongoing
   investigation to determine whether there have been violations of the
   antifraud and other provisions of the federal securities laws in
   relation to Gemstar's public reporting of its financial results for
   the years 1999 through 2002.


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Modified 04/18/2003

SNIPPETS:

FORMER GEMSTAR-TV GUIDE INTERNATIONAL CEO NAMED IN CIVIL CONTEMPT PROCEEDING

Today the Securities and Exchange Commission filed a civil contempt application in United

The SEC requests that the Court hold Yuen in contempt for violating a court order compelling

The SEC alleged that Yuen failed to testify on April 16 and 17, 2003, as required by the

The SEC is requesting that the Court hold Yuen in contempt, and order him incarcerated and

On March 12, 2003, the SEC filed a subpoena enforcement action to compel the testimony of

Yuen and Leung agreed to the entry of a court order enforcing the subpoenas and setting

The Court entered an order requiring Yuen to testify before the SEC on April 1,

Yuen appeared and provided testimony on April 1, 2003, but failed to provide testimony on

The SEC seeks Yuen's testimony in connection with an ongoing investigation to determine


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