App Maker Can’t Spend Assets Pending Hong Kong Arbitration, Court Rules

Mealey's (July 23, 2021, 9:41 AM EDT) -- SAN FRANCISCO — A California federal judge on July 20 denied a mobile app-making company’s motion to vacate a previously issued preliminary injunction barring it from spending assets in a California bank pending the outcome of a shareholder’s arbitration in Hong Kong against the app-maker, writing that 16 of its employees, including the founder, have pleaded guilty in Chinese court to related criminal charges....