VisionChina Fights $60M Attachment Order In Merger Row

Law360, New York (January 15, 2013, 7:23 PM EST) -- VisionChina Media Inc.'s attorney told a New York state appeals court Tuesday that forcing the Chinese digital advertising company to bring $60 million to New York in case a pair of private equity firms prevails in an acquisition dispute could scare business away from the Empire State.

Allowing a lower court's "unprecedented" order to stand, which required VisionChina to attach $60 million in New York while a fight over VisionChina's 2010 purchase of rival Digital Media Group for $160 million plays out, would make companies rethink...
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.