Optional Capital v. DAS Corp. CA2/1
APPEAL from a judgment of the Superior Court of Los Angeles County. Michelle Williams Court, Judge. Reversed and remanded with directions.
LTL Attorneys, James M. Lee, Joedat H. Tuffaha, Prashanth Chennakesavan for Defendant and Appellant.
Rogari Law Firm, Ralph Rogari; Law Offices of Mary Lee, Mary Lee for Plaintiff and Appellant.
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This case involves two competing claimants’ efforts to retrieve stolen money.
DAS, a Korean corporation, claimed Kyung Joon Kim stole $14 million from DAS In 2000.
In 2001, Kim stole more than $30 million from Optional Capital, Inc., a corporation he controlled, spending heavily on luxury items and transferring money to several accounts.
One of those transfers included $12.6 million that Kim deposited in a Swiss bank account.
DAS sued Kim.
Optional sued Kim.
In 2010, DAS settled its lawsuit against Kim for $12.6 million and in 2011, with Kim’s permission, withdrew that amount from Kim’s Swiss account.
In 2013, Optional obtaine
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