Liu

INTRODUCTION

Plaintiff and cross-defendant Junwei Liu appeals a judgment entered against him and in favor of defendants and cross-complainants Jing Sun and Unity Professional Insurance Services, Inc. (Unity) after a bench trial. Liu and Sun formed JSL Insurance Solutions, Inc. (JSL) as a company engaged in the insurance sales business. Unfortunately, Liu and Sun had many disputes regarding the operation of JSL and Unity, Sun‟s wholly owned company. In their pleadings, both sides asserted numerous direct claims against each other, as well as derivative claims on behalf of JSL.1 At trial the two sides presented evidence regarding two very different versions of events which led to this action. The trial court found Liu‟s testimony not credible and Sun‟s testimony credible, and then entered a statement of decision and judgment in favor of Sun and Unity. We affirm.

FACTUTAL AND PROCEDURAL BACKGROUND

1. The Formation of JSL In February 2007, Liu and Sun met at a seminar where Sun was a speaker. At the time, Liu was working as a manager at Prudential Financial Planning Services (Prudential). Sun operated Unity. Both Liu and Sun were licensed insurance brokers and agents.…