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Wednesday, April 24, 2024 | Back issues
Courthouse News Service Courthouse News Service

Fiduciary Duty

An appeals court in California upheld the denial of an anti-SLAPP motion brought by the former chairman of a Chinese transportation construction company who faces claims that he breached his fiduciary duty by allegedly accepting $19 million in bribes. The former chairman claimed the company is a “component of China’s military industrial complex involved in developing magnetic levitation military weapons.”

RIVERSIDE, Calif. — An appeals court in California upheld the denial of an anti-SLAPP motion brought by the former chairman of a Chinese transportation construction company who faces claims that he breached his fiduciary duty by allegedly accepting $19 million in bribes. The former chairman claimed the company is a “component of China’s military industrial complex involved in developing magnetic levitation military weapons.”

Categories / Appeals, Business

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