Shanghai Tyron Semiconductor Equipment Co., Ltd. v. Capital Asset Exchange and Trading, LLC

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 SAN JOSE DIVISION 7 8 SHANGHAI TYRON SEMICONDUCTOR Case No. 5:24-cv-08551-EJD

EQUIPMENT CO., LTD.,

9 ORDER DENYING EX PARTE Plaintiff, MOTION FOR TEMPORARY 10 RESTRAINING ORDER v. 11 CAPITAL ASSET EXCHANGE AND Re: Dkt. No. 11 12 TRADING, LLC, Defendant. 13 14 Before the Court is an ex parte motion for a temporary restraining order (“TRO”) filed by 15 Petitioner Shanghai Tyron Semiconductor Equipment Co., LTD (“Tyron”) against Respondent 16 Capital Asset Exchange and Trading, LLC (“CAET”). Mot., ECF No. 11. For the reasons stated 17 below, Tyron’s motion is DENIED. 18 I. BACKGROUND 19 Tyron, a Chinese semiconductor company, seeks to enforce an emergency arbitral award 20 issued in China that bars CAET, a commodity trading firm, from dissipating its assets while the 21 two companies arbitrate a $5.4 million dispute over a breach of contract in China. Pet., ECF No. 22 6. In the underlying dispute, Tyron…