Jeng Cheng Ho v. Shih-Ming Hsieh
Published: Dec. 13, 2008 | Result Date: Jun. 3, 2008 | Filing Date: Jan. 1, 1900 |Case number: BC353642 Bench Decision – for Plaintiff
Court
L.A. Superior Central
Attorneys
Plaintiff
Defendant
Experts
Plaintiff
Gary G. Capata
(technical)
John DeQ Briggs
(Axinn, Veltrop & Harkrider LLP)
(technical)
Defendant
James Miao
(technical)
Facts
This action involved the right to recover a former president's stock in a closed corporation pursuant to defalcation theories.
Contentions
PLAINTIFF'S CONTENTIONS:
The plaintiff contended that based on the former president's prior defalcations, the company was entitled to recover 50 percent of the stock in a corporation as held by the former president and/or his wife. In return, the company need pay nothing.
DEFENDANT'S CONTENTIONS:
The defendant contended that the company had no right to recover the stock and if it did, it needed to pay at least $8 million in compensation.
Damages
The defendant claimed $8 million in compensation for stock shares was necessary.
Result
The plaintiff prevailed. The defendant received nothing for the stock.
Other Information
FILING DATE: June 8, 2006.
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