💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

New York criminal case against Huawei still far from trial

Published 12/15/2021, 02:44 PM
Updated 12/15/2021, 02:56 PM
© Reuters.  Smartphone with a Huawei logo is seen in front of a U.S. flag in this illustration taken September 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

By Karen Freifeld

(Reuters) - A three-year-old criminal case against the Chinese telecommunications equipment maker Huawei is still far from going to trial in New York, despite an agreement in the case that let Huawei's chief financial officer go free.

During a status conference on Wednesday, U.S. District Court Judge Ann Donnelly, presiding over the case in Brooklyn, asked the lawyers when the case might be ready.

"Are we thinking in terms of a trial date?" she asked. "I know that's crazy talk."

"I think we have a fair distance to go," replied attorney Tom Green, who represents Huawei. 

He said COVID restrictions had impaired the preparation of a defense, adding: "I just don’t know when we’re going to be able to travel to even meet with our clients."

Huawei Technologies Co Ltd was indicted in 2018, accused of misleading HSBC and other banks about its business in Iran, which is subject to U.S. sanctions.

Last year, other charges were added, including conspiring to steal trade secrets from six U.S. technology companies and helping Iran track protesters during anti-government demonstrations in 2009. The firm has pleaded 'not guilty'.

Green said the defense was planning a "myriad of motions" before trial, including a motion to sever the case.

And he said the government had "quite a ways to go" on turning documents over to the defense.

CFO Meng Wanzhou resolved her part of the case, which was tied to misleading HSBC, with U.S. authorities in September.

As part of a deferred prosecution agreement, Meng was allowed to leave Canada, where she had been detained on a U.S. warrant and was fighting extradition, to fly to China, where she received a hero's welcome.

But the U.S. still has Huawei on a trade blacklist that restricts its purchases of U.S.-origin technology and goods.

© Reuters.  Smartphone with a Huawei logo is seen in front of a U.S. flag in this illustration taken September 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

Huawei's revenue was down 38% in the third quarter from the same period a year earlier.

The judge set the next court date for June 15.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.