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SEIDEN v. KANEKO

C.A. No. 9861-VCS.

ROBERT W. SEIDEN ESQ. in his capacity as Receiver for Southern China Livestock, Inc., Plaintiff, v. SHU KANEKO a/k/a JOSEPH KANEKO, LIQIANG SONG a/k/a LIQUANG SONG a/k/a LI SONG a/k/a SONG LIQIANG a/k/a LI QIANG SONG a/k/a RICHARD LEE, Defendants.

Court of Chancery of Delaware.

Decided: March 22, 2017.

Attorney(s) appearing for the Case

Jonathan M. Stemerman Esquire , of Elliott Greenleaf, P.C., Wilmington, Delaware and Douglas E. Spelfogel Esquire , and Katherine R. Catanese Esquire , of Foley & Lardner LLP, New York, New York, Attorneys for Plaintiff.

Andrew D. Cordo, Esquire and Toni-Ann Platia Esquire , of Ashby & Geddes, Wilmington, Delaware and Adrienne M. Ward Esquire , and John B. Horgan Esquire , of Ellenoff Grossman & Schole LLP, New York, New York, Attorneys for Defendants.

MEMORANDUM OPINION

After accepting a capital infusion from United States-based investors through a private placement, Southern China Livestock, Inc. ("SCLI" or "the Company"), a Delaware holding company that owned a non-public, China-based operating company, "went dark" leaving its investors scrambling to recover...

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