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Li et al v. Arcsoft, Inc. et al
Case Number:
4:19-cv-05836
See also:
Court:
Nature of Suit:
Judge:
Firms
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February 06, 2024
AI Image Co. Hit With $14.1M Verdict Over Lowball Buyout
A California federal jury returned a $14.1 million verdict Monday in favor of investors alleging AI-imaging software company ArcSoft and its billionaire CEO duped them into selling their shares for less than they were worth by hiding information about the business's success, its move to China and its eventual IPO.
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November 30, 2023
Judge Grants ArcSoft Investors Partial Win Ahead Of Trial
A California federal judge gave a partial win on Thursday to investors of photo and video imaging software development company ArcSoft Inc. in their case alleging the company's executives withheld and misrepresented key information when soliciting approval for a buyout at a price far below fair value.