The owner of a business that coordinates US infrastructure investments for foreign nationals seeking EB-5 visas seeks to scrap some of the $2.5 million in damages he was ordered to pay his company after a trial court found he funneled funds to himself and another executive.
Joseph Manheim shouldn’t be liable for $442,000 in compensation for Paula Mandle, a director he appointed to a Delaware Valley Regional Center LLC affiliate, because he didn’t need her approval for any of his decisions, Manheim’s attorney, Bruce Jameson of Prickett, Jones & Elliott PA, argued Wednesday before the Delaware Supreme Court.
The Delaware ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.