In the News...

Seiden Receivership Efforts Featured in Institutional Investor

BY MICHAEL RAPOPORT | Institutional Investor ‘They’d Find Fraud, Fraud, Fraud.’ JULY 22, 2020 A small group of short sellers, spurned investors, a former journalist,and an ex-prosecutor are intent on revealing large-scale fraud in China. The story of Chinese fraud goes back a decade and a half, to the mid-2000s, when a wave of Chinese companies rolled onto U.S. exchanges via a backdoor maneuver known as “reverse mergers.” Chinese companies would merge with a U.S. shell company and take over its public listing, gaining access to American exchanges, trading, and investors — all without the regulatory scrutiny a traditional initial public…

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Robert Seiden Appointed as First-Ever U.S. Receiver Over a Cayman Islands Company

On February 4, 2020, Cayman Islands Judge, the Honorable Margaret Ramsay-Hale ruled in favor of Robert W. Seiden, Esq., recognizing his capacity as temporary receiver over the parent company Link Motion Inc. (“LKM”), a U.S. company previously listed on the New York Stock Exchange. This ruling effectively named Robert Seiden, of New York-based Seiden Law Group LLP, the first-ever U.S. receiver over a Cayman Islands company. The ruling can be read in full in the link below.

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SEIDEN GROUP CLIENT SENIOR HEALTH INSURANCE COMPANY DEFEATS MOTION TO DISMISS IN PLATINUM PARTNERS LITIGATION

The Seiden Law Group is representing client Senior Health Insurance Company (“SHIP”) in a lawsuit in New York federal court against Lincoln International LLC and Lincoln Partners Advisers LLC (“Lincoln”) arising from the massive fraud involving the Platinum Partners hedge fund and its affiliate, Beechwood Re Ltd.   SHIP, an insurance company, incurred massive losses of over $100 million in the fraud.  SHIP’s lawsuit alleges that Lincoln, a valuation firm, aided and abetted the fraud by issuing inflated valuations. On December 3, 2019, the Honorable Jed S. Rakoff of the United States District Court for the Southern District of New York…

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Robert Seiden of Seiden Law Group LLP Cited in Law Review Article for Work as Receiver Over Chinese Companies

EXCERPT FROM Strategies for Asset Recovery from Mainland China BY HENRY W. LONGLEY | TEMPLE INT’L & COMP. L.J. A. Sino Clean Energy, Inc. v. Seiden—Corporate Governance Strategy in Action In May 2014, a Nevada state court appointed Robert Seiden, Esquire,(171) the receiver of Sino Clean Energy, Inc. (Sino), after a group of U.S. investors requested the appointment when Sino went dark and caused economic losses.(172) Sino is a Chinese Reverse Merger holding firm incorporated in Nevada with subsidiaries in Mainland China that produce coal-water slurry.(173) The Sino bankruptcy case synthesizes the corporate governance strategy in the Chinese Reverse Merger…

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Seiden Law Group Brings Forth Lawsuit Against Wine Ponzi Scheme Targeting New York’s Most Powerful Enophiles

A Wine Ponzi Scheme Targeted New York’s Most Powerful Enophiles, Clients Allege BY MITCH FRANK | Wine Spectator Omar Khan organized dinners with top chefs and rare vintage wines. Now several clients allege that he’s a fraud who took their money Sep 9, 2019: For wine lovers and executives, the dinners were sorely tempting: dishes cooked by some of the world’s top chefs (Daniel Boulud, Tom Colicchio, Daniel Humm), paired with some of the rarest wines in the world (Domaine de la Romanée-Conti, Cheval-Blanc, Dom Pérignon) and featuring business-savvy speakers. Since 2013, the International Business & Wine Society (IB&WS) has…

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Seiden Law Group Helps Initiate Lawsuit Against Alleged Fraudster

DA’s office probing wine consultant accused of scamming Wall Street elite BY KEVIN DUGAN | New York Post A wine-loving business consultant accused of bilking Wall Street highfliers out of millions is being probed by the Manhattan District Attorney’s Office, The Post has learned. Prosecutors in the DA’s Major Economic Crimes bureau have met with multiple alleged victims of Omar Khan over allegations that he swindled Wall Street bigwigs and other wealthy New Yorkers out of millions for wine events that never happened, sources said. Specifically, the top prosecutor is looking at claims that Khan once doctored an e-mail from the office…

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Seiden Law Group to take on alleged “Ponzi-like” wine scheme

High-profile Wall Streeters hit by ‘Ponzi-like’ wine scam: lawsuit BY KEVIN DUGAN | New York Post A New York business consultant known for throwing lavish wine parties at five-star eateries like Daniel has bilked a cadre of Wall Street bigwigs out of millions, according to a shocking new lawsuit. Omar Khan, who runs the Sensei International consulting firm on Park Avenue, used his fancy Rolodex to stage wine-fueled shindigs that lured more than a dozen captains of industry into a “Ponzi-like scheme,” according to the lawsuit filed in New York State Supreme Court on Wednesday. The suit claims Khan met…

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SEIDEN LAW GROUP GETS JUSTICE: Hedge fund to pay $90million judgment

The New York Post: Hedgie plundered own fund to avoid giving $90M bonus to employees: suit BY CARLTON ENGLISH | The New York Post A vengeful hedge fund manager looted his own fund to avoid paying two former employees their bonuses, according to new bombshell complaint. Paul Touradji has been moving hundreds of millions of dollars out of his eponymous fund to keep it out of the hands of two former staffers who have been after him for $46 million in back pay, according to a complaint filed in New York State Court earlier this month. The two stiffed employees,…

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The Seiden Group Featured on the front page of the New York Law Journal

BY THE SEIDEN GROUP After Decade-Long Legal Fight, Hedge Fund Managers Win $46M BY JASON GRANT | July 01, 2019 New York Law Journal, VOLUME 262–NO.1

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Shareholder of Global Cord Blood Corporation (NYSE: CO) Hires Global Law Firm, The Seiden Group, to Help Investigate and Enforce Rights

PR NEWSWIRE NEW YORK, June 17, 2019 /PRNewswire/ — A shareholder of Global Cord Blood Corporation (NYSE: CO) (the “Company” or “Global Cord”) has hired The Seiden Group, a law firm headquartered in New York, as shareholder counsel to communicate minority shareholder interests to the Independent Directors and help effect necessary changes for the benefit of the Company and its shareholders, including minority shareholders in the United States. The Seiden Group has vast experience in shareholder rights matters and global asset recovery, particularly in China.  The Seiden Group issued a letter today to the Independent Directors of Global Cord on behalf of the shareholder making…

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