China Enterprises Ltd.
The board of China Enterprises Ltd., Hong Kong, announced that the United States Court of Appeals The United States courts of appeals (or circuit courts) are the intermediate appellate courts of the United States federal court system. A court of appeals decides appeals from the district courts within its federal judicial circuit, and in some instances from other for the Ninth Circuit has unanimously granted its appeal of the U.S. District Court's ruling which had dismissed its case against Goodyear Tire and Rubber in August 1999. This decision allows China Enterprises and its U.S. subsidiary, Orion Tire, to proceed with their suit against Goodyear and Goodyear International for significant monetary and punitive damages Monetary compensation awarded to an injured party that goes beyond that which is necessary to compensate the individual for losses and that is intended to punish the wrongdoer. . China Enterprises intends to vigorously pursue its Racketeer Influenced Corrupt Organization Racketeer Influenced Corrupt Organization (RICO) statute n. a federal law which makes it a crime for organized criminal conspiracies to operate legitimate businesses. (RICO RICO n. . ) claim against these defendants, as well as trade libel, defamation and intentional interferences with prospective economic advantage claims. These claims arise out of the defendents' interference with an existing joint venture with the Chinese government-owned tire factory in Dalian, P.R.C., which China Enterprises claims was wrongfully undermined, resulting in a loss of profits.
COPYRIGHT 2001 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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