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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...
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