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Heath Steinbeck obtains $31 million judgment following bench trial in fraud and breach of fiduciary duty lawsuit

November 2023

Steve Heath was co-lead counsel in a lawsuit filed in the San Diego Superior Court for a China-based investor against a former employee accused of stealing $23 million deposited in U.S. corporate bank accounts. Following a seven-day bench trial, the Court awarded the firm’s clients $23 million in compensatory damages, $8 million in punitive damages, and entered a permanent injunction. The former employee was later sentenced to 63 months in federal prison.

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Heath Steinbeck, LLP
407 N. Maple Drive, Ground Floor
Beverly Hills, CA 90210

T 213.335.6245
F 213.335.6246

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Heath Steinbeck, LLP specializes in business litigation, corporate transactions, and acting as 'outside' general counsel to local and international clients with business interests in Southern California.

Heath Steinbeck, LLP
407 N. Maple Drive, Ground Floor
Beverly Hills, CA 90210
Tel: (213) 335-6245 Fax: (213) 335-6246

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