UPDATED Jan. 2, 2019 to reflect final dismissal of the case.
A federal judge in Texas approved the final settlement between Seisa Medical and a California-based attorney the company accused of fraud.
Seisa had alleged that defendant Catherine Shiang and her company, Asia Capital Advisor, fraudulently misrepresented herself and ACA and sought damages of nearly $2 million. After the parties agreed to settle the case, Judge Katherine Cardone of the U.S. District Court for Western Texas approved their joint motion to dismiss Dec. 11; a second decision to approve a joint motion to dismiss Shiang’s counter-claims was granted Dec. 21, according to court documents.
Cardone issued both orders to dismiss with prejudice, making the dismissals permanent, and ordered each party to bear its own legal expenses.
In September, Shiang and ACA filed a motion to dismiss the case on jurisdiction grounds, but that motion was denied.
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