In re Puda Coal Inc. Stockholders Litigation, No. 6476, 2015 WL 935322 (Del. Ch. Mar. 4, 2015). This Delaware Chancery ruling imposed a default judgment against director defendants who reside in China. One decision in the several prior proceedings in this case was highlighted on these pages, and featured duties of directors of Delaware companies with foreign operations.
Frank Reynolds of Thomson Reuters writes in Westlaw Journal Delaware Corporate about recent efforts to obtain a default judgment against the non-appearing directors, and the challenge of collecting on that judgment.