Civil Litigation
Mar. 25, 2021
11-year battle for $30M ends (for now) with $70M win
The case involved a $30 million loan the late Hong Kong billionaire Chen Din-Hwa made to his daughter through his investment company Rostack. The company fought her contention that the loan was forgiven.
Ending for now an 11-year legal battle over a $30 million loan, Rostack Investments Inc. won a judgment of almost $70 million after a judge found the investment company's deceased founder's daughter was less than credible when she said her father forgave the loan.
The case involved a $30 million loan the late Hong Kong billionaire Chen Din-Hwa made to his daughter Angela Chen Sabella through his investment company Rostack. For near...
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