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In 2011, Plaintiff Carl Braun brought a derivative case against Zhigou Fu, CEO of Advanced Battery Technologies. Carl Braun never had standing to bring the case having sold his 1500 shares a month before the case was brought. For some reason, Carl Braun perjured himself by claiming to his lawyers at Levi & Korsinsky that he owned shares of ABAT when he did not. When pressed by Judge McMahon, his lawyers had to file with the Court the "details" of the situation. The Case was dismissed on 3/17/2015. Documents which validate Carl Braun's lack of standing are on the Docket at Document 35 of 1:11-cv-04383-CM.
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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK
------------------------------------------------------------------}( CARL BRAUN, derivatively on behalf of ADVANCED BA ITERY TECHNOLOGIES, INC.,
Plaintiff, v.
ZHIGUO FU, GUOHUA WAN, GUOPENG GAO, HONGJUN SI, LIQUI BAI, JOHN MCFADDEN, YULIN HAO, NING LI, SHAOQIN XIA, SHIY ANY ANG, COSIMO J. PA ITI, and CHI YUAN XUE,
Defendants, and,
Index: No. 11 Civ. 4383
USDC SDNY ' DOCU\'IENT
ELECTRONICALLY FILED ' DOC t' j j
le
D\TE Hi.FD: Jf17/) - -----' _ ___. ADVANCED BA ITERY TECHNOLOGIES, INC.,
Nominal Defendant. -----------------------------------------------------------------}(
(2ROPO~Dl ORDER
The Court, having reviewed Plaintiffs' Motion to Dismiss Action, and for good cause
shown,
IT IS HEREBY ORDERED this ___.___,..__day of U 201!! that Plaintiffs' Motion is:
GRANTED. o(fr.J ;., i.J 70 'fo LLOW' .
Hon. Colleen McMahon
Case 1:11-cv-04383-CM Document 39 Filed 03/17/15 Page 1 of 1