The Wall Street Journal: Court Appointee Chases (And Finds) Investor Cash That Disappeared In China
For some U.S. investors trying to hold Chinese companies to account, Robert Seiden could be the last, best hope. . . Read More
For some U.S. investors trying to hold Chinese companies to account, Robert Seiden could be the last, best hope. . . Read More
After exhausting nearly all avenues of cooperation with Chairman Baowen Ren, Robert W. Seiden, Esq., Court-Appointed Receiver (“Receiver”) of Sino Clean Energy, Inc. (“SCEI”) has taken decisive steps to taking complete control over SCEI and its China operations. SCEI...
Court-Appointed Receiver for publicly-traded China-based clean energy company (SCEI) takes decisive measures to bring company into compliance with Nevada court order based on Chairman’s lack of cooperation. Shortly after Robert W. Seiden, Esq., Court-appointed...
Robert W. Seiden, Esq., Court-appointed receiver (“The Receiver”) over Sino Clean Energy, Inc. (“SCEI”), has taken control over SCEI’s wholly-owned subsidiary in Hong Kong which controls the operating entities in mainland China. . . Read More
Read the full press release here.
Judge Peck appointed Robert Seiden as the receiver for the Company effective immediately and, under applicable Nevada statute, Judge Peck’s appointment of a receiver is not subject to appeal. Read More
CASE IS TEST OF INVESTORS’ ABILITY TO RECOUP LOSSES IN WAKE OF ACCOUNTING QUESTIONS The court-appointed receiver empowered to seize the assets of a U.S.-traded Chinese company facing accounting questions has chalked up his first successes. . . Read More
Read the full article here.
A Delaware Court of Chancery decision highlights the importance of complying with the books and records requirements imposed by Section 220 of the Delaware General Corporation Law. At issue was a Delaware corporation operating in China which failed to comply with a...
US Marshals raided a Brooklyn home this week, looking for books and records of a China-based cable company accused of stiffing its shareholders, The Post has learned “We are leaving no stone unturned,” said Rob Seiden, the receiver who has been tasked with locating...