The firm was engaged to defend the former CEO of a Singapore technology company in a complex fraud action filed in the Los Angeles Superior Court. The company, which is in liquidation, alleged that the CEO misappropriated more than $15 million in corporate assets by transferring funds to entities controlled by his wife and other affiliates. After filing a demurrer that exposed severe weaknesses in the plaintiff’s case theory, the client was able to negotiate a highly-favored settlement amounting to considerably less than ‘nuisance value’ and the action settled without either side engaging in discovery.
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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.