May 14, 2020 / 7:29 PM / 16 days ago

IN BRIEF: Activist investor settles SEC case over Sinovac board replacement plan

An activist investor and his firm will pay $290,000 to resolve charges by U.S. securities regulators that they failed to disclose their increasing stake in Sinovac Biotech and their participation in a plan to replace the Chinese biopharmaceutical company’s board.

The U.S. Securities and Exchange Commission disclosed the settlement on Wednesday in an administrative order charging Jiaqiang “Chiang” Li and his Boston-based firm, 1Globe Capital LLC, with violating federal securities laws and SEC rules.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2LsYPaz

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