Liu and his co-defendants orchestrated the bogus sales of aluminum to Liu-controlled companies Powered By LawFuel -LOS ANGELES – A federal grand jury indictment unsealed late Tuesday alleges a complex financial fraud scheme in which a Chinese company exported to the United States huge amounts of aluminum – disguised as “pallets” to avoid customs duties of up to 400 … [Read more...]
Woman Jailed For Smuggling Space Communication Technology to China
SANTA ANA, California – A Chinese national who pleaded guilty to participating in a scheme that illegally exported sensitive space communications technology to China was sentenced today to serve 46 months in federal prison. Si Chen, 33, a Pomona resident who has been in custody since her arrest in May 2017, was sentenced by United States District … [Read more...]
Chinese Attempt To Steal US Defense Secrets Results in Prison Term
LOS ANGELES – A Chinese national who admitted to participating in a years-long conspiracy that involved Chinese military officers hacking into the computer networks of major U.S. defense contractors in order to steal military technical data was sentenced today to 46 months in federal prison. Su Bin, who is also known as Stephen Su and Stephen Subin, 51, a … [Read more...]
Orrick Advises on Womai.com’s US$220 Million Series C Financing
Lawfuel.com - Beijing, January 7, 2016 – Orrick, Herrington & Sutcliffe represented Womai.com in connection with its US$220 million Series C financing from Tai Kang Asset Management, Baidu, Dragon Capital, IDG, COFCO Agricultural Industrial Equity Investment Fund and the PE arm of Sunshine Insurance. Founded in 2009 by Chinese state-owned food conglomerate COFCO, Womai.com … [Read more...]
Law Firms Facing The Chinese Challenge
Every other law firm with eyes on expansion wants to be in China. But China is a highly competitive market and potentially a grave yard for failed firms. As the WSJ reported, this past week has demonstrated that graphically being both the best and the worst of times for law firms in the country. How come? As the WSJ reports: On one end of the spectrum: New York law … [Read more...]