SEC v. Suyun Gu, No. 1:21-cv-17578, District of New Jersey (July 21, 2025) — Judgment
raw: This matter having come before this Court on Plaintiff United States Securities and
This matter having come before this Court on Plaintiff United States Securities and, No. 1:21-cv-17578 (July 21, 2025)
The SEC successfully obtained summary judgment against Suyun Gu and others in a New Jersey civil action regarding alleged securities violations.
The United States District Court for the District of New Jersey granted the SEC's motion for summary judgment against defendants Suyun Gu et al. on September 6, 2024. While the specific charges and dollar amounts were not detailed in the order, the court ruled in favor of the regulator. The decision was issued by Judge Susan D. Wigenton following the court's review of the parties' submissions.
The United States Securities and Exchange Commission (SEC) successfully moved for summary judgment in a civil action against Suyun Gu and other defendants. On September 6, 2024, Judge Susan D. Wigenton of the U.S. District Court for the District of New Jersey granted the SEC's motion. The court's decision was based on the reasoning provided in an accompanying opinion dated the same day. Although the specific nature of the underlying fraudulent schemes and exact monetary losses were not explicitly detailed in this specific order, the ruling effectively resolves the matter in favor of the SEC. This procedural outcome follows the SEC's efforts to hold the defendants liable for the alleged violations. The order concludes the motion phase of the litigation regarding these specific claims.
Extracted insights
- person Susan D. Wigenton ×2
- person André M. Espinosa
- agency sec motion
- agency Securities and Exchange Commission
- person suyun gu
- organization United States Securities And Exchange Commission
- SEC Filed Motion For Summary Judgment
- Susan D. Wigenton Granted SEC Motion
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY United States Securities and Exchange Commission, Plaintiff, v. Suyun Gu, et al., Defendants. Civil Action No. 21-17578 (SDW) (AME) ORDER September 6, 2024 WIGENTON, District Judge. This matter having come before this Court on Plaintiff United States Securities and Exchange Commission’s (“SEC”) Motion for Summary Judgment pursuant to Federal Rule of Civil Procedure 56 (“Motion”), and this Court having considered the parties’ submissions, for the reasons stated in this Court’s Opinion dated September 6, 2024, IT IS on this 6 th day of September 2024, ORDERED that the SEC’s Motion is GRANTED. SO ORDERED. /s/ Susan D. Wigenton SUSAN D. WIGENTON, U.S.D.J. Orig: Clerk cc: André M. Espinosa, U.S.M.J. Parties NOT FOR PUBLICATION
UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW JERSEY United States Securities and Exchange Commission, Plaintiff, v. Suyun Gu, et al., Defendants. Civil Action No. 21-17578 (SDW) (AME) ORDER September 6, 2024 WIGENTON, District Judge. This matter having come before this Court on Plaintiff United States Securities and Exchange Commission’s (“SEC”) Motion for Summary Judgment pursuant to Federal Rule of Civil Procedure 56 (“Motion”), and this Court having considered the parties’ submissions, for the reasons stated in this Court’s Opinion dated September 6, 2024, IT IS on this 6th day of September 2024, ORDERED that the SEC’s Motion is GRANTED. SO ORDERED. /s/ Susan D. Wigenton SUSAN D. WIGENTON, U.S.D.J. Orig: Clerk cc: André M. Espinosa, U.S.M.J. Parties NOT FOR PUBLICATION Case 2:21-cv-17578-SDW-AME Document 85 Filed 09/06/24 Page 1 of 1 PageID: 4037