The complex endeavor of enforcing a judgment or a court order, especially in foreign jurisdictions is a unique endeavor that requires specialization and experience. The old model of filing lawsuits in foreign countries does not work in many jurisdictions. The Seiden Group has honed a new model based on court appointed receivership. The Seiden Group has recovered millions for clients by employing tenacious legal and strategic methods to trace and freeze assets and secure funds for clients. Our work includes ground-breaking techniques for resolving disputes and recovering money from China businesses.
The Seiden Group has been appointed by companies, municipalities, bankruptcy judges and trustees to locate assets and uncover fraud across the globe and in the United States.
The Seiden Group represents clients and prosecutes cases in the state and federal courts of the United States. The cases derive from clients and adversaries from all over the globe, including Asia, Easter Europe, Western Europe, Australia, South America and the Caribbean. Out litigation matters include, investor fraud, buisness disputes, estate matters, real estate and fraud. The Seiden Group has recovered many millions for clients using laser focused strategies to get to fast and maximum recoveries and results.
Deutsch v. ZST Digital Networks, Inc. (Delaware Chancery Court, VC Laster, Case # 8014-VCL, Appointment Date March 28, 2013). (Seiden appointed Receiver in a case involving a $32m judgment against a US publicly-listed company operating in China; negotiating a settlement with chairman). Ticker is ZSTN.
In Re Yinlips Technology, Inc. A/K/A Yinlips Limited Technology Co LTD Litigation (Delaware Chancery Court, VC Parsons, Case # 8865-VCP, Appointment Date January 6, 2014). (Seiden appointed Receiver in a case involving a Judgment in the form of a put option in the amount of $5.49 per share against a US publicly-listed company with China operations; negotiating settlement with chairman for investors to be bought out).
In Re Southern China Livestock, Inc. Litigation (Delaware Chancery Court, VC Noble, Case # 8851-VCN, appointment Date January 17, 2014) (Seiden appointed Receiver in a case involving a $5m judgment against a US publicly-listed company; in settlement talks with lawyers in NY to settle with former officers and with hog farmers in China).
Recker et al v. Sino Clean Energy Inc. (Nevada 2nd Judicial District Court, DCJ Robb Case # CV14-00484, Appointment Date May 12, 2014) (Seiden appointed Receiver to enforce court orders and manage the affairs of publicly-listed energy company with operations in China. In process of settlement that buys US shareholders out at premium; chairman held in criminal contempt). Ticker is SCEI.
Pope Investments, LLC v. Shengtai Pharmaceutical, Inc. (Delaware Chancery Court, Master LeGrow, Case # 9122-ML, Appointment Date April 3, 2014) (Seiden appointed Receiver over a US publicly-listed company with Hong Kong and China operations; Seiden was able to structure a deal with the company chairman that bought out shares of US investors at $1.65/share even though was trading at .12/share; settlement approved by the court and all parties and shareholders received the money totaling approximately $4m). Ticker is SGTI.
Ace Investors, LLC v. Rubin (US District Court, SDNY, Judge Marrero, Case # 13 CV 1373, Appointment Date April 25, 2013) (Seiden appointed Receiver in a case involving a debt against a private real estate trust; after bankruptcy, the parties reached a settlement).
Pope Investments LLC v. Pacificnet, Inc. (Delaware Chancery Court, VC Laster, Case # 9586-VCL, Appointment Date May 27, 2014) (Seiden appointed Receiver over a publicly held gaming company in China and Macau. The company and its management had New York judgments against them totaling over $7m; identified and froze $8m in property in Hong Kong/awaiting ruling on final disposition). Ticker is PACT.
Schiff et al v. China Nutrifruit Group Limited (Nevada 2nd Judicial District, Washoe County, Case No. CV 15-00724, Honorable Lynne Simons, May, 2015) (Seiden appointed Receiver over publicly held nutrition drink company; took control of the offshore entities and working with management toward sale of assets or settlement). Ticker is CNGL.
Southpaw Credit Opportunity Master Fund LP v. Advanced Battery Technologies, Inc. (Delaware Chancery Court, Master LeGrow, Case # 9542-ML, Appointment Date July 23, 2015) (Seiden appointed Receiver over a publicly held energy company; Receiver negotiated settlement for $2m with company chairman for benefit of shareholders). Ticker is ABAT.
Diehl v. Duoyuan Printing, Inc. (Wyoming First Judicial District, Judge Steven Sharpe, Case # 181-987, Appointment Date October 2, 2015) (Seiden appointed receiver over a publicly held paper production company in Hunan Province China; negotiating with chairman towards settlement. The court entered a judgment in the amount of $6m). Ticker is DYNP.
Trillion Growth China, LP v. NIVS Intellimedia Technology Group, Inc. (Delaware Chancery Court, Master Legrow, Case # CA-9226-ML) (Seiden appointed receiver in a case involving a Judgment in the form of a put option in the amount of $21.37 per share over technology company in China that underwent financial distress; Seiden negotiating a settlement). Ticker is NIVS.
Hecker v. Weikang Bio Technology Group, Co., Inc. (Nevada 2nd Judicial District, Washoe County, Case # CV15-02107, February 2016, Judge Lidia Stiglich) (Seiden appointed receiver over health and nutritional supplement business in China after they went dark in reporting to SEC in US. The court entered a judgment in the amount of $21.8m). Ticker is WKBT.
Perkovick et al v. RINO International Corporation (Nevada 2nd Judicial District, Washoe County, Case # CV 15 -02105, February 2016, Judge Patrick Flanagan) (Seiden appointed receiver over environmental and remediation company in China after they went dark in reporting to the SEC in US. The court entered a judgment in the amount of $29m). Ticker is RINO.
Amy Liu et al v. China North East Petroleum Holdings Limited (Nevada 2nd Judicial District, Washoe County, Case # CV 15 -02299, May 2016, Judge Scott Freeman) (Seiden appointed receiver over crude oil exploration and production company in China after they went dark in reporting to the SEC in US. The court entered a judgment in the amount of $19.7m). Ticker is CNEP.
George Town Associates S.A. v. Mesocoat (US District Court, SDNY, Judge Denise Cote, Case # 15 CV 3435, August 2015) (This is an appointment as a Federal Equity Receiver over a Ohio-based chemical manufacturing business resulting from a business dispute between the chairman and the secured creditor wherein the receiver had acted as a chief restructuring officer and managed the business for 9 months and eventually worked out a structured settlement that benefited all sides, worked out of bankruptcy and was eventually approved by the federal court).
George Town Associates S.A. v. Abakan (US District Court, SDNY, Judge Denies Cote, Case # 15 CV 3435, September 2015) (This is an appointment as a Federal Equity Receiver over a Florida-based publicly-listed company (“ABKI”) that was held in contempt by the court for violating an injunction. Seiden managed the company and restructured the debt, reorganized the company, preserved assets and the company from bankruptcy in a global plan that was approved by the creditors and the federal district judge).
Morad Ghodooshim et al v. Qiao Xing Mobile Communication Company Limited (Eastern Caribbean Supreme Court, Virgin Islands, In the High Court of Justice, Commercial Division, Claim # BVIHC (Com) 0126 of 2015, December 2015, Justice Gerard Farara) (Seiden appointment as Official Agent to the liquidator in May 2016 over manufacturer and seller of mobile hand-sets in China after they went dark in reporting to the SEC in US). (Judgment and liquidation order against QXM in the BVI in the amount of $61,159,839). Ticker is QXM.
Daniel Albano, an individual, Silver Rock Consultants, a Limited Partnership v. Jade Art Group, Inc. (Nevada 2nd Judicial District, Washoe County, Case # CV 16 -00277, May 2016, Judge Lidia Stiglich) (Seiden appointment of receiver over company that processes and trades raw jade and jade-carved artworks in China and reportedly has the distribution rights to a very valuable jade mine after they went dark in reporting to the SEC in US. The court entered a judgment in the amount of $75m and in negotiation with the chairman to settle). Ticker is JADA.
Michael Markbreiter et al v. China Valves Technology, Inc. (Nevada, Clark County District Court, Case # A-16-746645-B, September 12, 2016, Judge Denton). (Seiden appointed receiver over 2nd largest valve company in China with a billion plus market cap that went dark and was delisted from the NASDAQ). Ticker is CVVT.
ARC China Semper LLC et al v. VLOV Inc. (Nevada, Clark County District Court, Case # A-13-680159-B, December 13, 2016,Judge Allf. (Seiden appointed receiver over company to enforce $4.5m judgment).
Schiff et al v. Tanke Biosciences Corp. (Nevada, Clark County District Court, Case # A-16-74665-F) (Seiden appointed receiver over China bio sciences company).
Robert W. Seiden, Esq., Partner
Robert is a former Manhattan prosecutor, has been a lawyer since 1988 and has tried over 50 cases (criminal and civil) and recovered many millions of dollars for clients in the United States and globally. Robert has been appointed Receiver over 18 times in the United States and has vast experience with Integrity Monitoring. Robert has lectured around the US on issues related to receiverships, judgment enforcement and asset recovery, including at the Offshore Alert Conference, The Harvard Club and the City of New York Bar Association.
Steven E. Seiden, Esq., Partner
Steven is a lawyer and CPA with extensive legal, tax, forensic and finance experience based on his almost three decades having worked at two of the Big Four global accounting firms. Steven is counsel on many receivership matters and has been deemed an expert witness in valuation of Chinese companies.
Richard M. Frankel, Esq., of Counsel
Richard has been a lawyer for 26 years and is a former prosecutor and retired FBI Special Agent. Richard specializes in global asset recovery and intelligence gathering as well as internal investigations.
Michael Stolper, Esq., of Counsel
Michael has decades of experience as a successful litigator. Michael has tried cases and argued appeals in most of the courts in New York and has worked at a large national law firm. Michael is a graduate of Princeton University and Columbia Law School.
Dov B. Gold, Esq., Attorney
Dov is a lawyer and litigator who has worked in financial services and government. Dov is a graduate of the Benjamin N. Cardozo School of Law and studied politics at Queens College where he graduated summa cum laude. Dov focuses on receiverships, litigation, and corporate investigations.
Heike Vogel, Esq., of Counsel
Heike is a litigator and bankruptcy lawyer with 2 decades of experience helping clients with financial related legal issues. Heike is a Columbia University graduate and previously clerked for several federal bankruptcy judges and worked at top tier US law firms.
Zhenling Zhang, Law Clerk(Bar admission pending)
Zhenling is a Mandarin and English speaking lawyer (pending swearing in) with significant experience in cross border dispute resolution, transactions and litigation. Zhenling works on Receivership matters involving the US, China and other nations. Zhenling graduated from Stony Brook University, cum laude and The Benjamin Cardozo School of Law where she edited the Journal of Law and Gender. She has previously worked for the EEOC and is an accomplished pianist.
Zidong Liu, Law Clerk (Bar admission pending)
Zidong (Jonathan) graduated Harvard University with a degree in government/economics and is a graduate of Columbia University Law School where he was a Harlan Fiske Stone scholar. Zidong is fluent in English and Mandarin and works on US and China litigation matters. He previously worked as a judicial extern for the Eastern District of New York federal court, for the NYS Attorney General, the US CFTC and for a prominent China law firm.
Michael D, Cilento, Esq.
Michael focuses on litigation, complex commercial disputes and receivership matters. Michael earned his Juris Doctor from New York University School of Law, where he was a three-year Dean's Scholar.