Notable Victories
Seiden Law has an extensive track record of significant victories across many areas of the legal spectrum. Some of our most notable cases include:
Seiden Law Defeats Motion to Dismiss in Landmark Case Against Binance for Aiding and Abetting the October 7 Attacks
On February 25, 2025, a Manhattan federal court sustained allegations that Binance Holdings Limited (“Binance”) and its founder Changpeng Zhao (“Zhao”) aided and abetted the October 7 attacks by knowingly permitting terror groups, including Hamas and Palestine Islamic Jihad (PIJ), to transact on the Binance platform. The decision breaks new ground in finding that a cryptocurrency exchange can be held liable for aiding and abetting a terrorist attack.
United States Court of Appeals for the Second Circuit Rules in Favor of Appeal by Seiden Law in Pro Bono Case Concerning Work by Jean-Michel Basquiat
On December 19, 2024, in a case regarding the disputed ownership of a drawing by renowned American artist Jean-Michel Basquiat, the US Court of Appeals for the Second Circuit reversed the US District Court for the Southern District of New York’s dismissals of our client’s claims for conversion and declaratory judgment. To learn more details about the case, read the NY Post article linked here and/or the Second Circuit’s decision linked below.
Seiden Law Wins Summary Judgment Against Wall Street Firm Cantor Fitzgerald in NY Appellate Division, First Department
On December 19, 2024, the NY Appellate Division, First Department reversed the trial court’s award of summary judgment to Cantor Fitzgerald, and awarded summary judgment to our client, health-tech start-up and clinical trial company ObvioHealth Pte Ltd, holding that Cantor Fitzgerald was not entitled to the $2 Million fee it tried to charge ObvioHealth for a capital raise that ObvioHealth had procured on its own.
Seiden Law Prevails in Fourth Circuit Decision Affirming International Arbitral Awards and Issuing 4 Million USD Judgment
On June 27, 2024, the United States Court of Appeals for the Fourth Circuit affirmed a Maryland district court judgment that confirmed arbitral awards issued in favor of Seiden Law’s client, the Estate of Ke Zhengguang. The underlying arbitration concerned a complex dispute related to real property in mainland China, which culminated in an arbitration before the Hong Kong International Arbitration Centre (HKIAC). Between 2018 and 2020, the HKIAC issued a series of awards. The Estate filed a petition to confirm the awards in a Maryland district court against one of the arbitral respondents, Stephany Yu, who lives in Maryland. In January 2023, the district court confirmed the awards and issued a $4 million judgment in favor of the Estate.
Litigation Department at Seiden Law Wins Evidentiary Hearing in New York Lawsuit Seeking 50 Million RMB Enforcement of Chinese Judgment.
On March 16, 2024, after a two-hour evidentiary hearing with testimony from three witnesses, the New York Supreme Court dismissed a lawsuit against Seiden Law’s client, Jinggang Yan, seeking recognition of a 50 million RMB judgment issued by a Chinese court. The New York court ruled that the plaintiff failed to prove Mr. Yan had been validly served, and that the plaintiff would not be permitted to serve Mr. Yan through his counsel.
Seiden Law’s Legal and Investigative Work Contributes to Law Enforcement Locating and Extraditing Convicted Fraud Omar Khan.
Seiden Law worked with law enforcement and contributed to successfully locating and extraditing convicted fraud, Omar Khan. After fleeing the country to avoid the fallout of his wine Ponzi scheme, Omar and his wife were extradited from Sri Lanka to face charges in a New York Courtroom in early 2024.
White Collar, Investigations, Regulatory, & Sanctions Department at Seiden Law Successful in Removal of Global Mining Company’s Subsidiary from US OFAC Sanctions List
A placement on the United States Treasury Office of Foreign Asset Control’s Specially Designated Nationals (SDNs) list has the potential for devastating business ramifications for individuals and entities and often requires an extremely difficult process to have one de-listed. Seiden Law’s regulatory and sanctions team of attorneys was successful in representing Solway Investment Group, a global mining company, with obtaining a temporary operating license for its sanctioned subsidiary and its later removal from the SDN list.
Landmark Settlement of Claims Against Large Insurance Companies, Abruptly Ending Jury Trial in New York Court
Several weeks into a high stakes jury trial that pitted Seiden Law against nationally known Simpson Thacher & Bartlett LLP, the jury was dismissed when the parties reached a settlement. The case stems from a long battle by Seiden Law’s client BioEnergy Development Group of Memphis Tennessee against two large London insurers involving lost profits of the biodiesel plant due to delayed payments by the insurers after a catastrophic fire in 2016. Rarely have plaintiffs been successful at suing insurers for lost profits based on the insurers’ bad faith. Seiden Law took the case to the goal line after replacing prior counsel midway through the case.
Seiden Law’s Litigation Department Defeats Jurisdictional Challenge By Chinese Fraudster in Seminal New York Case
On August 1, 2023, following nearly two hours of oral argument, New York Supreme Court Justice Joel Cohen denied a motion to dismiss filed by defendant Xueyuan Han in a pathbreaking international fraud case filed by Seiden Law. Seiden Law’s head of litigation, Amiad Kushner, argued the motion for the plaintiffs, who are a group of over ninety Chinese institutional and individual investors. Han is the disgraced founder and controller of the Hanfor organization, which at its height, managed approximately $13 billion in assets in China.
Defendant Guo Wengui Arrested After Seiden Law Discovered Hidden Assets and Secured $90 Million Judgment
Chinese businessman Guo Wengui, also known as Ho Wan Kwok or Miles Guo, was arrested by the Federal Bureau of Investigation (FBI) in Manhattan for his $1 billion fraud conspiracy on Wednesday. The purported billionaire had defrauded thousands of investors in his fraudulent schemes, directing funds to benefit his media company GTV Media Group and his personal property, which included a 145-foot yacht. The investigative and legal teams at Seiden Law, led by Managing Partner Robert Seiden, discovered his hidden assets, including his 15-room apartment residence, and helped secure the $90 million judgment against him with Stuart Sarnoff of O’Melveny & Myers LLP.
Seiden Law Wins Reversal Of Judgment In The 9th Circuit Court Of Appeals Based On A Decision Affirming Client’s First Amendment Rights.
On March 16, 2024, after a two-hour evidentiary hearing with testimony from three witnesses, the New York Supreme Court dismissed a lawsuit against Seiden Law’s client, Jinggang Yan, seeking recognition of a 50 million RMB judgment issued by a Chinese court. The New York court ruled that the plaintiff failed to prove Mr. Yan had been validly served, and that the plaintiff would not be permitted to serve Mr. Yan through his counsel.
Trial Team at Seiden Law Emerges With Favorable Results in Long-Standing Battle Against Hedge Fund
In March of 2023, Seiden Law won a partial victory in the long-standing battle against a major New York hedge fund last week. The counter claims against the clients were thrown out by the jury after a three-week intense trial in Manhattan States supreme court. The firm’s litigation team challenged an underlying breach of oral employment agreement between the fund Touradji Capital and its former fund managers.
Seiden Law Secured A Settlement For Client, Resulting In Recovery Of Nearly All The Money That Was Stolen.
Millions of masks intended for Puget Sound Veterans Hospital during the peak of the COVID pandemic in 2020 never arrived. A Middle Eastern citizen operating via a Canadian and Middle Eastern company settled a claim brought by Seiden Law on behalf of Oklahoma-based Asset Group Inc. for the alleged theft of millions of dollars. Asset Group and other victims filed claims against the defendant, who finally agreed to settle and Asset Group recovered nearly all the money that was stolen.
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Seiden Law’s Receivership Efforts Over Oriental Dragon Corporation Result In A Win For Client Despite The Distressed State Of The Company In China.
In August 2018, Robert Seiden was appointed as receiver over Oriental Dragon Corporation Inc. (“ODC”) in the Supreme Court of the State of New York to enforce a judgment against the company. Despite the distressed state of the company in China, Mr. Seiden obtained a $3 million settlement with the company, resulting in a significant recovery of funds for the client.
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Robert Seiden As Receiver Over Trustify Inc. Helped Bring Case To Justice As Former CEO Was Indicted By Department Of Justice And Arrested By The FBI.
Robert Seiden as Receiver appointed by the Delaware Chancery Court in the matter of Trustify Inc. helped bring the case to justice. Danny Boyce, the former CEO of Trustify was indicted for mail and securities fraud and arrested by the FBI in 2020. Seiden Law gathered evidence and investigated Boyce and Trustify since the receivership commenced in 2019. According to the Department of Justice, “Daniel Boyce was charged with five counts of wire fraud, one count of securities fraud, and two counts of money laundering.”
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Seiden Law Obtains Precedent-Setting Decision Allowing Alternative Service Amidst The COVID-19 Pandemic.
On July 17, 2020, the Honorable Judge Lewis J. Liman ruled in favor of Seiden Law’s clients, Libra Group and Convergen Energy LLC, granting Plaintiffs’ motion for alternative service on the international defendants named in the case.The Hon. Judge Liman considered the exigent circumstances provided by the current global pandemic and recognized the plaintiff’s efforts to effect service via the proper international channels and the significant delay in procedure that would result. After reviewing these facts, the Court ruled to “exercise its discretion to order service pursuant to Rule 4(f)(3)” and granted the Plaintiffs’ motion for alternative service on the international defendants located in Spain.
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Robert Seiden’s Asset Recovery Efforts Highlighted An Article Published In Institutional Investor By Michael Rapoport.
Author Michael Rapaport writes article in Institutional Investor about Chinese Companies defrauding U.S. investors and how Seiden Law’s managing partner, Robert Seiden, has provided a way to recover investor funds by recovering company assets via the U.S. courts.
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Seiden Law Led The Successful Effort From The Start To Remove General Israel Ziv From The U.S. Treasury OFAC Sanctions List
Working with a team hand selected by Seiden Law, we successfully achieved the removal of sanctions against General Israel Ziv, an Israeli war hero (and his companies). General Ziv worked for years building farms in South Sudan to feed a malnourished population. His removal in less than one year was a remarkable achievement and we thank the members of the legal team and the United States government for their efforts.
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Seiden Law Defeats Anticipatory Filing In Wisconsin And Transfers Case To New York.
A judge ruled in favor of Seiden Laws client, Libra Group and L’Anse Warden Electric Company LLC, to transfer the case to New York. The Eastern District of Wisconsin action was filed hours before the New York suit. However, this lawsuit did not include the full range of issues, and the plaintiff intentionally left out issues related to the Supply Agreement’s enforceability. Thus, the Order states “Here, despite plaintiff’s assertions to the contrary, this case is inextricably tied to the pending New York action.”
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Seiden Law Secured A $240 Million Judgment Against Valve Manufacturer.
After China Valves Technology listed on the US markets and raised capital from US investors, the company went dark. Robert Seiden was then appointed as receiver for CVVT to enforce a judgement of about $240 million against CVVT by way of a share buyback order. Subsequently, the Chairman Siping Fang, illegally transferred out the subsidiaries, which blocked the receiver from exercising control over them. The court granted the receiver’s request for a civil contempt against Fang which was followed by an order of criminal contempt.
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Seiden Law Enters A Ten Year Legal Battle At The Eleventh Hour To Try A Case In Manhattan State Supreme Court And Wins A $90m Award After A 3 Week Jury Trial.
Seiden Law entered the case a few months before jury selection was scheduled and represented the plaintiffs, Gentry Beach and Robert Vollero, in their fight against their former employer who refused to pay them bonuses earned based on their performance. The award exceeded all expectations when the jury returned a $46M verdict (with statutory interest the award totaled over $90M). The victory was widely publicized, including on the front cover of the widely respected New York Law Journal, as well as articles published in the New York Post and the Wall Street Journal.
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Seiden Law Represented Large Insurance Company Against Lincoln International In Federal District Court For Massive Losses Related To The Platinum And Beechwood Hedge Fund Ponzi Scheme.
Seiden Law was hired by a large Pennsylvania health insurance provider called known as “SHIP” after they were the victim of a massive loss due to the wrongdoing of several investment vehicles. Seiden Law filed a massive claim against Lincoln International who were supposed to be the valuation firm protecting SHIP. The case was filed against Lincoln International in U.S. Federal District Court in Manhattan seeking massive losses related to the Platinum and Beechwood hedge fund Ponzi scheme. Seiden Law overcame the motion to dismiss brought by Lincoln and their lawyers Skadden Arps.
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Successful Recovery Of Funds On Behalf Of Investors In A China-Based Pharmaceutical Company.
On April 3, 2014, Robert Seiden was appointed Receiver over a Shengtai Pharmaceutical, Inc., 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 it was trading at $.12/share. The settlement was approved by the court and all parties and shareholders received the money totaling approximately $4M. This case has been widely covered in the media by reputable sources such as the Wall Street Journal and the New York Times.
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Secured Injunction Against Publicly Listed Company To Prevent Illegal Transfer Of Assets.
In February 2019, Robert Seiden was appointed as the temporary Receiver over Link Motion Inc. and granted a preliminary injunction restraining Link Motion from transferring any assets out of the company without the Receiver’s approval. The lawsuit stems from a series of alleged misconduct by Link Motion’s Chairman, Dr. Vincent Shi. The lawsuit was brought by a shareholder, after learning information of the alleged wrongdoing. LKMForward, a significant group of shareholders, hired Seiden Law as its counsel to represent its case in recovering company assets.
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Successful Recovery Of Funds On Behalf Of Shareholders/Investors In A China-Based Technology Company.
Robert Seiden was appointed Receiver over Advanced Battery Technologies, Inc. by the Delaware Chancery Court in 2015. ABAT was delisted from the NASDAQ in 2012 after evidence surfaced of misstated financials and the chairman stopped filing with the SEC. Seiden, along with a forensic asset recovery investigations company, Confidential Global Investigations, worked with his team of global agents to hold the chairman accountable. The settlement, which included a cash payment of $2 million, was approved by the Delaware Chancery court in 2017.
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Seiden Law Successfully Sold China/US Biotechnology Company For The Benefit Of US Shareholders On China Equity Exchange (A First For A Western Seller).
“On July 18, 2017, CBEX SINOWING International Board, SINOWING (Beijing) Asset Management Co. Ltd and Robert W. Seiden, a Receiver of the U.S. Courts, held a signing and listing ceremony for sale of Chinese companies previously listed on U.S. Stock Exchanges by the Receiver of each company. The projects that were and are being listed on the CBEX SINOWING International Board cover more than 20 industries ranging from energy, medicine and technology, to real estate development, agriculture, and health products.”
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