In the News...

New York Law Journal: After Decade-Long Legal Fight, Hedge Fund Managers Win $46 Million; Now Comes the Appeal

BY JASON GRANT | New York Law Journal “I will not pay you, I will not pay you a dime, you know, and before this is done and over, your wife will be here in the office, here on her knees, begging for mercy,” a hedge fund founder and defendant yelled at an employee in 2008 according to witness trial testimony. After more than 10 years of litigation, some 60 depositions, 11 counterclaims, around 900 docket entries and a three-week trial, a jury decided that a Manhattan hedge fund must pay two former portfolio managers $46 million for breaching verbal…

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The Seiden Group Secures $90 Million Judgment for Client

Wall Street Journal: Two Former Hedge Fund Employees Expected to Get $90 Million Jury Payout BY JULIET CHUNG | The Wall Street Journal Two former employees of commodities hedge fund Touradji Capital Management LP are expected to receive roughly $90 million after winning a decadelong lawsuit against the firm. . . After less than four hours of deliberation, a Manhattan jury on May 24 found Paul Touradji’s hedge-fund firm owed $45.7 million to Gentry Beach and Robert Vollero. The pair had argued that Mr. Touradji had verbally promised them part of the net profits they made but that he then…

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United States Court Issues Arrest Warrant for Siping Fang, Wealthy Chinese Businessman and Former Representative of the People’s Congress

PR NEWSWIRE On April 23, 2019, a Nevada judge issued a warrant for the immediate arrest of Siping Fang, Chairman of Nasdaq-delisted China Valves Technology, Inc. (Ticker: CVVT).  The judge’s order instructed that the arrest warrant be lodged with law enforcement agencies including Interpol and the National Crime Information Center. Based on the detailed reconstruction of Siping Fang’s actions, the court awarded court-appointed Receiver Robert W. Seiden a judgement of almost $240 million.  The court subsequently held Siping Fang in contempt of court for intentionally obstructing the efforts of the Receiver to assert control over CVVT assets by transferring all of the operating entities away from the parent entity…

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United States Court Issues Arrest Warrant for Wealthy China Businessman Siping Fang

PR NEWSWIRE On April 23, 2019, a Nevada judge issued a warrant for the immediate arrest of Siping Fang, the chairman of Nasdaq-delisted China Valves Technology, Inc. (Ticker: CVVT), one of the largest valve manufacturers in China. The judge’s order instructed that the arrest warrant be lodged with law enforcement agencies including Interpol and the National Crime Information Center.  Siping Fang had previously been sanctioned by the SEC in 2015 for filing misleading financial statements.1  Based on a detailed reconstruction of Siping Fang’sactions, the court found Siping Fang in contempt of court for intentionally obstructing the efforts of the Receiver, Robert W. Seiden, by transferring ownership of the Chinese operating entities…

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Link Motion Inc. Ordered into Receivership by U.S. Federal Judge, announces The Seiden Group

BY PR NEWSWIRE On February 1, 2019, Robert W. Seiden, Esq. was appointed by the Honorable Victor Marrero of the U.S. District Court Southern District of New York as the temporary Receiver over Link Motion Inc. (NYSE: LKM) during the pendency of the case entitled Wayne Baliga v. Link Motion Inc. et al., case number 1:18-cv-11642. In addition to appointing Mr. Seiden as the Receiver over Link Motion Inc. (“LKM”), Judge Marrero also granted a preliminary injunction restraining Link Motion from transferring any assets out of the Company without the Receiver’s approval. The lawsuit underlying the Receivership stems from a series of alleged misconduct by Link Motion’s Chairman,…

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Large shareholder group of Link Motion Inc. hires global law firm, The Seiden Group, to help investigate and enforce rights

BY PR NEWSWIRE  LKMForward, a significant group of shareholders of Link Motion Inc. (NYSE: LKM), has hired The Seiden Group, a law firm headquartered in New York, as shareholder counsel in order to communicate the group’s interests to the company and help the group effect necessary changes for the benefit of the Company and its shareholders. The Seiden Group has vast experience in shareholder rights matters and global asset recovery, particularly in China. For any media or investor inquiries, contact the investor group directly at lkmforward@gmail.com. Read More

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Seiden Appointed Receiver over China Sun Group High-Tech Co (Ticker: CSGH)

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The Seiden Group announces U.S. Shareholders formation of a group to recover investor funds through a possible Receivership over China-based BioPharm Asia, Inc., (ticker:BFAR)

BY THE SEIDEN GROUP ON PR NEWSWIRE BioPharm Asia, Inc., (ticker:”BFAR”), is a Nevada corporation involved in the sale of medical products to drug stores, hospitals, neighborhood clinics, and other medicine retail outlets in the People’s Republic of China. BFAR was de-listed from the NASDAQ in June 2013 after it stopped reporting to the Securities & Exchange Commission (“SEC”). Certain shareholders have spoken with Robert W. Seiden, Esq. in New York to represent a group of shareholders to enforce the rights of the U.S. shareholders for acts detrimental to the investors including failure to report to the SEC in order…

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The Seiden Group announces U.S. Shareholders formation of a group to recover investor funds through a possible Receivership over China-based China Kangtai Cactus Bio-Tech, Inc., (Ticker: CKGT)

BY THE SEIDEN GROUP ON PR NEWSWIRE China Kangtai Cactus Bio-Tech, Inc., (Ticker: CKGT) is a Nevada corporation that manufactures cactus products. The Company produces cactus fodder, cactus dry powder, nutritional and bio-pharmaceutical cactus products, and cactus germicides. CKGT was de-listed from the NASDAQ in August 2014 after it stopped reporting to the Securities & Exchange Commission (“SEC”). Certain shareholders have spoken with Robert W. Seiden, Esq. in New York to represent a group of shareholders to enforce the rights of the U.S. shareholders for acts detrimental to the investors including failure to report to the SEC in order to get a possible return…

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The Seiden Group announces U.S. Shareholders formation of a group to recover investor funds through a possible Receivership over China-based China Linen Textile Industry, Ltd (Ticker_ _CTXIF_)

BY THE SEIDEN GROUP ON PR NEWSWIRE China Linen Textile Industry, Ltd (Ticker: “CTXIF”), is a Cayman Islandscorporation involved in the production and sale of linen yarn and various types of linen fabric and in the consultation, research and development related to linen technology and linen products. CTXIF was de-listed from the NASDAQ in June 2012 after it stopped reporting to the Securities & Exchange Commission (“SEC”). Certain shareholders have spoken with Robert W. Seiden, Esq. in New York to represent a group of shareholders to enforce the rights of the U.S. shareholders for acts detrimental to the investors including failure to report…

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