A Chinese investor who claimed that his signature had been forged, causing the fraudulent transfer of $200,000 worth of shares and changed the company’s name, is asking the federal court to issue a default judgment against the two companies he is suing.
Junjie Wu and his company, Chimeng Science & Technology Co. Ltd., asked the U.S. District Court for the NMI on Wednesday to enter a default judgment against Black Bison Travel Corp. and Jili Corp. because they did not respond to the lawsuit.
Colin M. Thompson, counsel for Wu and Chimeng Science & Technology Co. Ltd., said that he hired Rainaldo Agulto last July 18 to serve Black Bison Travel and Jili Corp. with the summons and complaint.
Thompson said that, on the same day, Agulto served Hai Ying Jiang Cruz, a representative for the defendants, at their office on Seyur Street in Garapan.
The following day, July 19, Thompson said, his staff served the complaint and summons to Choi Sing Lam, who is the registered agent of the defendants, in front of Pacific Mart in Garapan.
“Until this day defendants failed to plead or otherwise defend themselves against the complaint,” said Thompson in his declaration in support of motion for entry of default.
Wu and CST are suing Black Bison Travel Corp., Jili Corp. and 10 other unnamed co-defendants, for fraud, conversion, breach of contract, unjust enrichment, and fraudulent transfer.
Wu and CST asked the court to hold defendants liable to pay them damages, court costs, and attorney’s fees.
According to the complaint, Ji Li Corp. was established under the CNMI laws in 2011 and that in late 2016, Wu as president and corporate representative of CST, had invested in Ji Li Corp.
On June 11, 2017, Wu was elected president and treasurer of Ji Li Corp. after he invested $200,000 in exchange for 200,000 shares of the company.
Thompson said that on March 21, 2018, a Ji Li board meeting was held in which it was resolved to change the company name to Black Bison Travel Corp.
Thompson said the meeting minutes indicate that it was Wu who called the meeting, yet Wu never called the meeting and his signature was forged.
On April 12, 2018, a document was executed wherein it shows that CST transferred its 200,000 company shares to vice president Hai Ying Jiang for $200,000.
Thompson said Wu never transferred any shares from CST to Jiang and that his signature on this document was forged.
The lawyer said Wu’s signature was also forged in a letter dated Sept. 10, 2018, indicating that he resigned from the company.