The plaintiff brought an action against her family members and a Chinese enterprise, claiming a 25% ownership interest in the enterprise and seeking damages for misappropriation of its assets.
The court heard expert evidence on Chinese law, which established that the enterprise was state-owned and could not have private shareholders.
The court rejected the plaintiff's argument that she had a contractual right to profits under a management agreement, finding it was neither pleaded nor proven.
The plaintiff's claim for $599,000 USD allegedly misappropriated from a joint bank account was also dismissed, as the court accepted evidence that the funds were deposited due to a bank error.
The action was dismissed in its entirety.
