Torts
Fraud
Securities
Wu v. Liu, et al.
Published: Mar. 18, 2003 | Result Date: Feb. 24, 2003 | Filing Date: Jan. 1, 1900 |Case number: GC025444 Verdict – $10,600,000
Judge
Court
L.A. Superior Alhambra
Attorneys
Plaintiff
Defendant
Facts
The plaintiffs were Taiwanese investors who purchased purported securities in a food court development on Interstate 15. In return for their investment, the plaintiffs were offered permanent legal United States greencards and were allegedly guaranteed a 3 percent return on their investment among other inducements.
Other Information
The jury returned a verdict against the defendants of $3.6 million. The plaintiff and the bank settled prior to judgment.
Deliberation
four days
Length
six weeks
#122107
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