The founder and former chairman and CEO of Le.com, a.k.a. Leshi (樂視), called “China’s Steve Jobs”, the Chinese technology and telecommunication entrepreneur Jia Yueting is being in trouble arising from an arbitration award made in China. Jia Yueting previously made a guarantee for Leview Mobile’s payment obligation under convertible notes issued by Leview Mobile to its creditor QC Investment. Leview Mobile failed to redeem its debts due, and QC transferred its claims under the convertible notes to Shanghai Qichengyueming Investment Partnership Enterprise (Petitioner). On May 9, 2018, the China International Economic and Trade Arbitration Commission (CIETAC) rendered an arbitration decision…
Posts published in “Featured”
Levi Strauss & Co., more known as “Levi’s”, has long gone to great lengths to protect its three most famous trademarks – Arcuate trademark, Tab trademark, and Housemark Design trademark, by its active, or even aggressive attempts to file lawsuits against companies that use trademarks with any similarities with its trademarks. Now a Chinese clothing company fell into its radar. The defendants are Shein Group Limited, a Hong Kong-based Chinese corporation that manufactures, distributes and sells garments, and Shein Fashion Group, Inc., a California-based affiliate of Shein Group. Levi’s alleged that Defendants manufactured and sold throughout the U.S. jeans, garments…
Founded in 1998, incorporated in Cayman Islands, Fanhua is a leading financial services provider, offering life, property and casualty insurance products. In October 2017, Fanhua listed its American depositary shares (ADS) on NASDAQ. After the listing, Fanhua’s audited annual reports, SEC filings, press releases and other financial statements all showed very positive numbers about its revenue and operation. Through these positive signs, Fanhua successfully attracted many Chinese investors to purchase its ADS between April and August, 2018. In late August, 2018, Seeking Alpha published an investigation report disclosing that several numbers on Fanhua’s aforementioned financial documents were false and misleading,…
The plaintiff, Dareltech, commenced this suit against Xiaomi, Inc. AND Beijing Xiaomi Technology Co. Ltd. (collectively, “Xiaomi”), two foreign corporations organized under the laws of the PRC. Dareltech, formed by the inventors, Jinrong Yang and Ramzi Khalil Maalouf (collectively, “the Inventors”), is the owner of all rights and interests in the following patents Xiaomi allegedly infringed. Specifically, on the application of the Inventors, the United States Patent and Trademark Office issued: U.S. Patent No. 9,037,128 on May 19, 2015; U.S. Patent No. 9,055,144 on June 9, 2015; U.S. Patent No. 9,503,627 on November 22, 2016; and U.S. Patent No. 9,571,716…