The Layfield Law Firm, APC Obtains $5.4 Million Dollar Judgment Against Lehman, Lee & Xu, Ltd.

May 8, 2012 - PRLog -- The case began on September 3, 2010 when a civil lawsuit was filed against Lehman, Lee & Xu, LTD., its affiliated companies and the Managing Director Edward E. Lehman. The “Lehman Defendants” were being accused of operating a Ponzi scheme where they were using client funds to pay for other unauthorized expenses.

The lawsuit claimed that in June of 2010, the “Lehman Defendants” had fraudulently induced the plaintiffs and their investors to deposit approximately $1.2 million dollars into an escrow account which the defendants subsequently misappropriated.
The defendant Lehman, Lee & Xu, LTD. Is a law firm is based out of Beijing, claiming to be the third largest corporate commercial law firm in China. The law firm was founded by Edward Eugene Lehman, who happens to be a Chicago native and U.S. citizen.

One May 1, 2012, a $5.4 million dollar judgment was achieved against Lehman, Lee & Xu, LTD. In a New York Federal Court after the judge granted a Rule 37 motion for terminating sanctions. Of this award, $1,135.850 was awarded in compensatory damages, $3,407.550 in treble damages under 18 U.S.C. § 1964 (c) for the plaintiffs’ RICO conspiracy claims, and the remaining going to attorneys fees, punitive damages and prejudgment interest. This was another successful case result for the Layfield Law Firm, which has successfully litigated on behalf of investors and shareholders, as well as other business law clients for the thirteen years the firm has been in practice.

The Layfield Law Firm, APC is a litigation law firm serving the residents of Southern California. Today, the firm has office locations in Marina Del Rey, Santa Monica, Manhattan Beach, Palm Springs, Newport Beach and Ventura. The firm offers free consultations to its prospective clients where they can discuss the details of their case. To learn more about the firm’s services, contact a litigation attorney by calling (800) 558-5679 or visit the firm’s website at http://www.pjllawfirm.com.