22 Mar 2023
OTT Financial Inc. v. Liu
The case of OTT Financial Inc. v. Liu, dated March 22, 2023, involved two motions that were presented to the court, focusing on document production and additional issues. In the first motion, the plaintiffs OTT Financial Inc. and OTT Financial Group Corporation, had requested an improved affidavit of documents from the defendants, Edward Liu et. al. They had also sought various documents linked to the defendants' alleged foreign exchange business The second motion had been brought forward by Mr. Liu and Glorichs. They had sought a forensic examination order for five plaintiff documents that had appeared to be electronic but hadn't been electronically produced. The authenticity of these documents had been disputed
The plaintiffs had accused Mr. Liu of breaching fiduciary duty and confidentiality, while all defendants had faced allegations of conversion, misappropriation, conspiracy, passing off, and trademark infringement. The plaintiffs had operated in the financial services sector, providing currency exchange services for diverse clients.
Ultimately, the court had ruled in favor of certain document production, emphasizing the importance of protecting confidential information. The court had also ordered the plaintiffs to retain an independent IT expert to investigate the authenticity of certain electronic records. Furthermore, the court had granted the motion to add parties and amend the claim, with some exceptions. An amount of $10,000 had been awarded to Mr. Liu for his successful motion regarding certain electronic records.