Seisa Medical, CA attorney settle alleged $2m fraud suit

Seisa Medical has settled a case against an allegedly fraudulent California-based attorney in which the company claimed damages of approximately $1.8 million, according to court documents.
In its case, filed in the US District Court for the Western District of Texas, El Paso Division, Seisa alleged that defendant Catherine Shiang, and their company Asia Capital Advisor, fraudulently misrepresented themselves and their business and scammed the company out of nearly $2 million.
Both parties in the case agreed to a resolution and sought a dismissal, which was granted by U.S. District Judge Katherine Cardone, according to a court document released this week. Details of the settlement have not been released.
In September, Shiang and ACA filed a motion to dismiss the case, arguing that the Texas-based court had no jurisdiction, but the motion was denied.
Seisa began its relationship with Shiang and ACA in 2016 as the company looked to expand its business in Asia, according to court documents.
The company claimed that Shiang “utilized a scheme of fraud and misrepresentation regarding her background, skills, addresses, business associations as well as her name in order to induce plaintiff . . . to sign a series of agreements,” according to court documents. Seisa added that Shiang created a “phantom staff with their own emails and professional backgrounds,” and that it misrepresented the size and capabilities of the company.
During a visit to El Paso, Texas, in...

Source: Mass Device - December 11, 2018 Category: Medical Devices Authors: Fink Densford Tags: Featured Legal News seisamedical Source Type: news