Home

PrediWave Tsunami hits Simpson, Thatcher & Bartlett
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

There is a new wave of lawsuits filed in Santa Clara County in the wake of failed Silicon Valley Tech company PrediWave.

After his company was hit with a lawsuit, and lost, to the tune of $2.8 billion in 2006, CEO Jianping “Tony” Qu of PrediWave fled the country.  Mr Qu had allegedly received more than $25 million in annual bonuses from a company which posted no profits and no sales.  His current whereabouts are unknown.

March 22, 2010 brought a new charge that PrediWave’s legal counsel was fully aware of  the shady accounting that brought the company down but did not pass that information on to PrediWave Corporation’s investors.  The lawsuit not only charges that PrediWave’s counsel, Simpson, Thacher & Bartlett, knew about the cover-up, but in fact, were full participants.  The law firm is now undergoing scrutiny for the approximately $100 million fraud.  Among the allegations are charges that Simpson, Thatcher & Bartlett hired private investigators to gauge the likelihood of the fraud becoming public.

  
What
Where





 

RELEVANT JOBS

Licensed Virginia Attorney

USA-DC-Washington

Small real estate law firm seeks to fill a full-time position for a Virginia licensed attorney with ...

Apply now

Licensed Virginia Attorney

USA-VA-Charlottesville

Small real estate law firm seeks to fill a full-time position for a Virginia licensed attorney with ...

Apply now

Licensed Virginia Attorney

USA-VA-Norfolk

Small real estate law firm seeks to fill a full-time position for a Virginia licensed attorney with ...

Apply now

Associate Attorney

USA-CA-San Clemente

We are a client-focused growing south Orange County California solo-practitioner law firm with a pra...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Public Finance Associate Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks a public finance associate attorne...

Apply Now

Complex Civil Litigation Associate Attorney

USA-NY-New York City

New York City office of boutique firm seeks associate attorney with 4-6 years of complex civil litig...

Apply Now

Mid-Senior level Corporate Capital Markets/Securities Associate Attorney

USA-IL-Chicago

Chicago office of a BCG Attorney Search Top Ranked Law Firm seeks mid-senior level corporate capital...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top