(Court opinion corrected 1/18/18.) Plaintiffs obtained default judgment against a company owned by Defendant Tsai, for breaching a commercial lease. Plaintiffs later learned that while underlying action was pending, company agreed to sell certain assets to Defendant Cube Global, a company formed by Defendant Tsai's 16-year-old daughter. After bench trial, court entered judgment in favor of Plaintiffs. Court properly declined to evaluate Plaintiffs' veil piercing claim under principle applicable to breach of contract claims as this dispute involves enforcement of a judgment not a breach of contract. Court properly admitted escrow and closing documents into evidence as a reasonable trier of fact could conclude from Defendant Tsai's testimony that they were authentic and were what Plaintiffs claimed they were.(SIMON and MIKVA, concurring.)
Illinois Appellate Court
Civil Court
Fraudulent Transfer Act