Corporate
Feb. 7, 2024
Arcsoft Inc. and CEO found liable in $14M fraud lawsuit
Arcsoft accused of misleading shareholders about finances and planning to go public in China.
A federal jury in Oakland awarded $14 million in a fraud and breach of fiduciary duty lawsuit against photo and video software developer Arcsoft Inc. and its CEO Michael Deng, rejecting the company’s position that the plaintiffs were aware of all relevant facts before a management buyout seven years ago.
“Tech investor Marc Chan and his family are gratified by the jury’s finding of liability on multiple causes of action after four years o...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In