IT Firm Sues Board Members For Meddling In $8M Deal

Law360, New York (September 9, 2009, 5:02 PM EDT) -- Information technology company eLandia International Inc. has sued two former members of its board of directors for interfering with the $7.5 million sale of some of its South Pacific assets.

In a second amended complaint filed in the U.S. District Court for the Southern District of Florida, eLandia accuses Sir James Ah Koy and his son Michael Ah Koy of wrongfully interfering with its business operations, subjecting the company to substantial damages and continuing irreparable injury.

Also named in the suit are Kelton Investments Ltd. and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.