Jin

BACKGROUND

On June 9, 2023, Shino filed a section 709 petition to invalidate an October 2021 Starbridge shareholder vote held by Yan after her purchase of Starbridge shares. At a hearing setting conference, the trial court directed the parties to brief the issues with supporting evidence. Shino filed opening and reply briefs. Yan filed an opposition brief. Below we discuss Starbridge’s complex and disputed 11-year history as set forth in the petition, briefs, and record evidence.

A. Individuals and Corporate Entities On December 6, 2012, Jianhua filed articles of incorporation for Starbridge Investment LLC (LLC) in this state. The same month, the LLC was capitalized through wire transfers from AAMG ($10.9 million total), Pt. VicValuta ($4.68 million total), and Skylight Holdings Limited (Skylight) ($1.32 million total). The LLC used this money and other deposits2 to purchase the Hotel for $18.5 million. Notwithstanding this capitalization, the LLC’s initial corporate documents listed the following three member-owners: Starbridge (60% owner), Lancer Solution Corp. (Lancer) (30% owner), and Morgan Holding Group, Inc. (Morgan) (10% owner). Members were permitted to seek the…