A California judge signed a whopping $2.8 billion judgment last week, ending the case against entrepreneur Jianping “Tony” Qu, after hitting him with terminating sanctions last month. Judge Jack Komar’s decision is a major victory for New World TMT, a Hong Kong investment company that sued Qu’s company, Prediwave Corp., two years ago, claiming that Prediwave video equipment it purchased didn’t work as promised. But collecting the award could be a challenge because Qu may have fled the country.
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Posted on Saturday, December 30th, 2006. Filed under: In-House Counsel, Law Misc
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