With offices in both California and New York, MagStone Law, LLP (doing business in New York as Lai, Liu & Li, LLP) is a modern law firm dedicated to providing solution-focused, cost-effective, and high quality legal services to our clients. We are all experienced lawyers with backgrounds from the most prominent international law firms.  Our practice covers all aspects of corporate transactional law, including business formation, financing, licensing, corporate governance, mergers & acquisitions and SEC compliance.  We also provide litigation and dispute resolution services involving commercial disputes, financial or accounting fraud, real estate transactions and construction, consumer products, professional liability, contested wills and inheritance, and US securities laws (including whistleblower actions).  Known for our expertise on U.S.-China cross-border transactions, we have become the go-to law firm for many Chinese companies exploring the U.S. market and U.S. companies entering into the Chinese market.
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News

  • We have recently filed a civil lawsuit in the Southern Disttrict of New York against companies and individuals involved in the Bar Works fraudulent scheme on behalf of 70 Chinese investors. The Bar Works investor fraud case has been widely covered by news media in the U.S., including MagStone's representation of the largest investor group. 
  • We are investigating three potential Cases, a fraud case involving a EB-5 program with respect to Thomas Henderson and San Francisco Regional Center, a potential securities class action against Mallickrodt PLC and a potential securities class action against Qualcomm Incorporated. Please contact us immediately if you are interested in pursuing these cases.
  • We are pleased to announce that Bing Zhang Ryan has joined the firm as a partner, and will be working out of our California office. Please click here for more information.
  • The new Section 251(h) of the Delaware General Corporation Law eliminates the need to include top-up options or a back-end stockholder vote in most public tender offers for Delaware corporations.
  • The SEC has adopted amendments to allow widespread advertising and other forms of “general solicitation” or “general advertising” in private offerings under Rule 506 of Regulation D of the Securities Act of 1933 or under Rule 144A of the Securities Act of 1933, so long as all purchasers of the securities are reasonably believed to be accredited investors or QIBs.

   MagStone Recent Deals

  • Represent 70 Chinese investors in an ongoing civil lawsuit filed in the Southern District of New York against Bar Works entities and individuals involving an investment fraud to recoup $7.5 million investment loss.
  • Represented Beijing-based Spearhead Integrated Marketing Communication Group (SZSE: 300071) on its acquisition of San Francisco-based Smaato Inc. and Smaato Holding AG, the leading independent global real-time advertising platform for mobile publishers and app developers, for $148 million
  • Represented a government backed venture capital fund on its early and late stage investments in more than 20 U.S. startups 
  • Represented Genimous on its $252 million acquisition of Spigot, a U.S. company headquartered in San Francisco
  • Represented ZQ Capital, a co-lead consortium member, in connection with its $210 million convertible bond investment in Nu Skin Enterprise Inc., a U.S. corporation listed on NYSE
  • Represented Xinguodu, a Chinese POS terminal and E-payment technology solution provider, on its acquisition of 100% interest in ExaDigm, a U.S. corporation
  • Represented Haiyin Capital on its $50 million investments in various startups in the United States
  • Represented a prestigious Chinese venture capital fund on its acquisition of equity interest in a Hong Kong company
  • Represented a multi-billion dollar financial institution on its Series E investment in three Silicon Valley companies
  • Represented a Shanghai limited liability company on its proposed acquisition of a Nasdaq listed company
  • Represented a Chinese public company, a subsidiary of a major Chinese state-owned company on its acquisition of a U.S. flight school
  • Represented an entertainment company on its investment in an independent film
  • Represented a Nasdaq-listed online game company on its proposed sale of a subsidiary in the United States
  • Represented an pre-IPO company on its company restructuring matter
  • Represented SV Tech Ventures on its fund formation matter
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