Abax Lotus Ltd. v. China Mobile Media Technology Inc.

Orders, Supreme Court, New York County (O. Peter Sherwood, J.), entered December 14, 2015, which denied plaintiffs’ motion for partial summary judgment on the claims asserted against defendant Zhang, and granted Zhang’s motion for summary judgment dismissing the claims against him, unanimously modified, on the law, to deny Zhang’s motion for summary judgment, and reinstate the claims asserted against him, and to grant plaintiffs’ motion for summary judgment on its claim for liquidated damages in connection with the breach of section 2 (e) of the Investors Rights Agreement, and otherwise…