Commercial Lenders – Defense of Conversion, Unjust Enrichment and Fraud Claims

Defense of commercial lenders in litigation filed in New York state court by a former employee alleging our clients wrongfully retained certain funds belonging to the plaintiff. This action, which involves related litigation filed in China and Singapore, includes claims for fraud, conversion, conspiracy to commit fraud, breach of fiduciary duty and breach of article 4 of the UCC Code. We currently are awaiting a ruling on our December 2014 motion to dismiss, in which we argue that the lawsuit is time barred and fails to state a cause of action.