Glenbrook Capital Ltd. Partnership v. Kuo

ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS’ MOTION TO DISMISS

MARTIN J. JENKINS, District Judge.

INTRODUCTION

Before the Court is Defendants Mali Kuo (“Kuo”), Douglas Watson (“Watson”), and Digital Video Systems, Inc.’s (“DVS”) (collectively, “Defendants”) Motion to Dismiss. 1 Plaintiffs Glenbrook Capital Limited Partnership (“Glenbrook”) opposes the motion. For the following reasons, the Court GRANTS in part and DENIES in part Defendants’ Motion to Dismiss.

FACTUAL BACKGROUND

The current shareholder action arises from Defendants’ alleged act of selling substantially all of DVS’s assets…