Commercial Division Grants Order for Prejudgment Attachment Where Defendants Post-Litigation Transfer of Assets Could Frustrate a Future Judgment
In In re Renren, Inc. Derivative Litigation, Justice Andrew Borrok of the New York County Commercial Division granted Plaintiffs order to show cause for prejudgment attachment against certain assets of defendants Oak Pacific Investment (OPI), Renren SF Holdings Inc. (Renren SF), and Renren Lianhe Holdings (Renren Lianhe) (collectively, Defendants). By: Patterson Belknap Webb Tyler LLP
Commercial Division Grants Order for Prejudgment Attachment Where Defendants Post-Litigation Transfer of Assets Could Frustrate a Future Judgment
In In re Renren, Inc. Derivative Litigation, Justice Andrew Borrok of the New York County Commercial Division granted Plaintiffs order to show cause for prejudgment attachment against certain assets of defendants Oak Pacific Investment (OPI), Renren SF Holdings Inc. (Renren SF), and Renren Lianhe Holdings (Renren Lianhe) (collectively, Defendants). By: Patterson Belknap Webb Tyler LLP