California Court of Appeals for the 2nd District. Credit: Coolcaesar via Wikimedia CommonsState Appeals Court Revives BraunHagey Lawsuit Alleging $4.2M Unlawful Wire to China
"Orion's allegations were sufficient to allege a cause of action for conspiracy or aiding and abetting a fraudulent transfer," Justice Audrey B. Collins wrote in the unpublished opinion for the California Court of Appeal reversing part of the Los Angeles County trial court's judgment. Presiding Justice Brian S. Currey and Justice Helen Zukin concurred in the judgment.
January 17, 2025 at 09:03 PM
3 minute read
What You Need to Know
- The California Court of Appeal ruled a Los Angeles County trial court judge erred in dismissing a fraudulent transfer claim for damages.
- BraunHagey & Borden represented plaintiff Optronic Technologies, a.k.a. Orion, in the successful appeal.
- Bicoastal litigation firm Frost represented defendant Celestron and calls the lawsuit meritless.
A midlevel California appellate court has revived a lawsuit accusing a local telescope manufacturer of unlawfully wiring $4.2 million to a China-based company found liable for alleged antitrust violations.
The California Court of Appeal’s Second District decision, issued Wednesday, gives plaintiff Optronic Technologies a chance to relitigate whether its fellow competitor Celestron Acquisition LLC is liable for an alleged fraudulent transfer under the Uniform Voidable Transactions Act or an alternate theory of liability.
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