Eanet, PC Client, IIG Wireless, Prevails on Appeal Brought by Former CEO Found Liable for Fraud and Breach of Fiduciary Duties

Los Angeles, CA, June 15, 2018 –(PR.com)– IIG Wireless (http://www.iigwireless.com), Inc. is a wireless management company, operating over one hundred retail stores in California, Georgia, and North Carolina.

In the lawsuit, IIG Wireless alleged that Yi, its former CEO and Chairman of the Board, fraudulently obtained shares of stock that were reserved for the company’s other employees, and that he breached his fiduciary duties owed to the company.

Following a jury trial in Orange County Superior Court, IIG Wireless, represented by Eanet, PC attorneys Matthew Eanet and Laine Mervis, obtained an over $400,000 jury verdict against Yi. On appeal, Eanet and Mervis prevailed on IIG’s behalf when the Court of Appeals affirmed the verdict in its entirety in a published opinion. IIG Wireless, Inc. v. Yi (2018) 22 Cal. App. 5th 630.

“I am gratified that the Court of Appeals affirmed the outcome at the trial court – that IIG Wireless and its Board acted appropriately to protect the company’s rights when it was harmed by the conduct of its former CEO,” said Eanet.

Eanet, PC (http://eanetpc.com) is a boutique law firm based in Los Angeles that represents a variety of businesses in litigation, corporate and entertainment-industry transactions and employment law counseling and litigation.

For additional information, contact Matt Eanet at [email protected] or at 310-775-2495.

Contact Information:
Eanet, PC
Matthew Eanet
(310) 775-2495
Contact via Email
eanetpc.com

Read the full story here: https://www.pr.com/press-release/756158

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