Fang
Fricke-Parks Press, Inc. v. Fang
Opinion
Opinion
Walker, J.
ORDER
This case stems from a March 16, 2000, agreement between Hearst Communications, Inc and defendant Exin, a hmited liability corporation operated by defendants Florence Fang and her son, Ted Fang. The agreement called for Hearst to transfer certain assets associated with its Examiner newspaper and up to $66 million over three years to Exin. See Reilly v. Hearst Corp., 107 F.Supp.2d 1192 (N.D.Cal.2000).
Plaintiff Fricke-Parks Press, Inc (FPP), a commercial printer of independent publications and periodicals in the San Francisco area, alleges that Hearst’s deal with Exin constitutes an unreasonable restraint of trade in violation of section 1 of the Sherman Act, 15 USC § 1 , an unlawful combination or acquisition in violation of section 7 of the Clayton Act, 15 USC § 18 , as well as a violation of certain state laws. FPP names as defendants Exin, the Fangs, two companies the Fangs control, Public Printing, Inc (d/b/a Grant Printing) and Pan Asia Venture Capital Corp (collectively, the Fang defendants) and Gerald Diaz, a former employee of FPP who now works for Grant Printing. FPP is a competitor of Grant Printing.