NEW YORK, Feb. 4, 2019 /PRNewswire/
-- On February 1, 2019, Robert W. Seiden, Esq. was
appointed by the Honorable Victor Marrero of the U.S. District
Court Southern District of New York as the temporary Receiver
over Link Motion Inc. (NYSE: LKM) during the pendency of the case
entitled Wayne Baliga v. Link Motion
Inc. et al., case number 1:18-cv-11642. In addition to appointing
Mr. Seiden as the Receiver over Link Motion Inc.
("LKM"), Judge Marrero also granted a preliminary injunction
restraining Link Motion from transferring any assets out of the
Company without the Receiver's approval.
The lawsuit underlying the Receivership stems from a series of
alleged misconduct by Link Motion's Chairman, Dr. Vincent Shi. The lawsuit was brought by holders
of ADR's in LKM, including in the U.S. and China, after information of the alleged
wrongdoing was brought to light by former U.S. employee
Matt Mathison. LKMForward, a
significant group of shareholders, hired The Seiden Group as its
counsel to represent its case and to assist all shareholders in the
ultimate recovery of Company assets.
Seiden has vast experience in international asset recovery,
particularly in China, and has
been appointed Receiver over 20 China-based U.S.-listed
companies. If you should have information that may be helpful
to the Receivership, please contact the Seiden Group directly
at: 646-766-1703 or via email to
Dgold@seidenlegal.com.
About The Seiden Group
The Seiden Group is a global law firm based on New York City focused on helping shareholders,
creditors, businesses and individuals to resolve disputes, recover
assets, enforce judgments, and solve problems with foreign
governments, the U.S. government and companies around the world and
in the U.S.
About Link Motion Inc.
Link Motion Inc. is a leading smart car and smart ride
company. Link Motion's portfolio of offerings includes
enabling technology solutions and secure connected carputers for
the ecosystem of car businesses, consumer ride sharing services, as
well as legacy mobile security, productivity and other related
applications. For more information on Link Motion, please
visit www.lkmotion.com or the company's U.S. investor
relations site at ir.lkmotion.com.
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SOURCE The Seiden Group