Del. Justices Urged To Remand S. China Livestock Case
Law360, Wilmington (December 6, 2017, 8:56 PM EST) -- A Chancery Court judge neglected the "law of the case" in a summary ruling that tossed claims against the former executive of a failed and allegedly plundered Chinese livestock company, an attorney for the company's receiver told Delaware's Supreme Court on Wednesday.
Katherine R. Catanese of Foley & Lardner LLP, counsel to court-appointed receiver Robert W. Seiden, told a three-judge panel that the lower court ruling incorrectly rejected arguments that Southern China Livestock Inc. received any value for impermissibly taken shares of the company. Those shares were allegedly returned to secure the release of fraudulent transfer claims and other allegations against...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!