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honestengine_rh

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honestengine_rh

Re: chiefs1 post# 9032

Friday, 10/21/2016 9:06:56 AM

Friday, October 21, 2016 9:06:56 AM

Post# of 9229
There is one more twist in this settlement. Chubb was supposed to pay $1.3M on behalf of Toups, Cole and DeCiccio. They paid 60% and claimed that another company will pay the 40%; the other company refused. So, Faruqi will have to sue Chubb in order to collect the remaining 40%, or $520K. Faruqi wanted the judge to delay the case but he refused. We dodged a bullet there.

See the 10/11/16 letter:

https://www.pacermonitor.com/case/1156755/In_re_LONGWEI_PETROLEUM_INVESTMENT_HOLDING_LIMITED_SECURITIES_LITIGATION

































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