In the News...

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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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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