Successful Recovery of Funds on Behalf of Shareholders & Investors in a China-Based Technology Company
Robert Seiden, appointed receiver over Advanced Battery Technologies, Inc. by the Delaware Chancery Court, worked with forensic asset recovery specialists and a team of global agents to hold the chairman accountable, culminating in a $2 million cash payment settlement approved by the Chancery Court.
Robert Seiden was appointed Receiver over Advanced Battery Technologies, Inc. by the Delaware Chancery Court in 2015. ABAT was delisted from the NASDAQ in 2012 after evidence surfaced of misstated financials and the chairman stopped filing with the SEC.
Seiden, along with a forensic asset recovery investigations company, Confidential Global Investigations, worked with a team of global agents to hold the chairman accountable. The settlement, which included a cash payment of $2 million, was approved by the Delaware Chancery Court in 2017.
Additional background on the company is available at Wikipedia.
English 
Russian 
Chinese 
Spanish 
Hebrew 
Arabic