Receiver To Force Shareholder Meeting For Jewelry Co. Fuqi

Law360, Wilmington (June 12, 2013, 8:53 PM EDT) -- A Delaware Chancery judge appointed a receiver Wednesday to force Chinese luxury jewelry maker Fuqi International Inc. to have its first annual shareholders meeting in four years, after the company failed to comply with two judicial orders to hold a meeting in 2012.

Vice Chancellor Sam Glasscock III made his ruling after an investor in the company, who sued to demand the meeting, moved to have Fuqi held in contempt. The judge appeared to have little sympathy for the company's defense that it couldn't hold the...
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