Appeals court won't reopen suit against McAuliffe, Tony Rodham

[Judi Lynn]

Source: Politico

Appeals court won’t reopen suit against McAuliffe, Tony Rodham
By JOSH GERSTEIN 06/12/2019 07:56 PM EDT

A federal appeals court on Wednesday turned down a bid to revive a lawsuit accusing former Gov. Terry McAuliffe of Virginia and Hillary Clinton’s late brother, Tony Rodham, of swindling Chinese investors out of $17 million they plowed into an electric car company through a program that promised residency in the U.S. and the possibility of American citizenship.

The Fourth U.S. Circuit Court of Appeals, based in Richmond, Va., upheld a ruling from a federal judge in Alexandria who said the suit wasn’t specific enough about how allegedly misleading and false statements from McAuliffe and Rodham induced the Chinese nationals to invest in the project, known as GreenTech Automotive.

However, while McAuliffe and Rodham prevailed in the decision, the court’s opinion expresses strong disapproval of the claims the men made in promoting the company, which eventually went belly up without ever launching mass production of the small, lightweight electric vehicles they planned.

“In toto, defendants’ statements ran in front of the facts on the ground,” Judge J. Harvie Wilkinson III wrote, joined by Judges Paul Niemeyer and Allyson Duncan. “There are no laurels in this case, no accolades to be bestowed. … False information is not useful to the market, and may lead investors to commit their resources in ways that will prove harmful.”





Read more: https://www.politico.com/story/2019/06/12/lawsuit-terry-mcauliffe-tony-rodham-1362789

[Scarsdale]

1. Isn't this what the

Kushner relatives did in China, too? For $500,000 investment, they promised Visas. What happened to that case? Quietly went away because they are connected to tRump?