JP Cap. Guam, LLC v. Chieh-Yu Pai

Superior Court of Guam·Decided July 10, 2026·No. CV0727-25·Unknown

Opinion

·zoz& JUL IO PH 3: 46

IN THE SUPERIOR COURT OF GUAM

JP CAPITAL GUAM, LLC and CHING-JU By:_.__

CIVIL CASE NO. CV0727-25

CLEflil OF COURT

WU,

Plaintiffs, DECISION AND ORDER DENYING DEFENDANTS' MOTION TO DISMISS vs.

AND TO STRIKE AMENDED

CHIER-YU PAI, SCOTT A. CLARK, COMPLAINT LAKESHORE GUAM LLC, HHW GUAM, LLC, and WAN-TANG LIU,

Defendants.

Defendants Chieh-Yu Pai, Scott A. Clark, and Lakeshore Guam, LLC move to dismiss Plaintiffs JP Capital Guam, LLC and Ching-Ju Wu's first cause of action, to strike Plaintiffs' jury demand as to that cause of action, and to strike Exhibits A, D, and E from the Amended Complaint. Defs.' Mot. at 1-2 (Mar. 27, 2026). After reviewing the record and the filings related to this Motion, the Court DENIES the Motion, on the terms explained below. I. BACKGROUND AND PROCEDURE Wu and Pai entered into a Share Purchase Agreement on February 22, 2023. Am. Comp!.

,r 11 (Mar. 10, 2026). Under the Agreement, Pai agreed to sell all of his membership interest in JP Capital to Wu for $4,000,000. Id. at ,r 12. At the time, JP owned 22 condominium units in

Ladera Towers, and Plaintiffs allege that JP later acquired additional units and ultimately owned 45. Id. at ,r,r 10, 33, Ex. A.

The Agreement also gave Pai continuing rights. He would serve as JP's exclusive sales agent, and Wu would appoint him as manager. Am. Comp!., Ex. A art. 5. Ifhe sold a unit for at

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CV0727-25 DECISION AND ORDER DENYING DEFENDANTS' MOTION TO Page 2 DISMISS AND TO STRIKE AMENDED COMPLAINT

least $250,000, Wu would receive 75% of the net proceeds, and Pai would keep the rest. Id. at Ex. A art. 5. Pai also retained a repurchase right for his JP interest within two years of closing. Id. at Ex. A. art. 4.

Two days later, on February 24, 2023, Wu, Pai, and Clark signed additional documents, including a Second Amendment to the Operating Agreement and an Assignment and Assumption of Membership Interest. Id. at ii 16. Wu alleges those documents transferred JP's membership interests to her. Id. at, 22. But the assignment itself states that Wu assigned her 99% Class A interest to Pai and her I% Class B interest to Clark, with no future condition attached. Id. at Ex. C.

Also on February 24, 2023, Wu signed a Written Consent of the Members and Managers of JP. She alleges she kept the original and would deliver it only after Pai paid the repurchase pnce. Id. at,, 25-26. She further alleges that Pai and Clark told her the consent would not be used until Pai repurchased the rights under the agreement. Id. at, 28. According to the Complaint, they intended to use the consent to defraud her and seize control of JP. Id. at, 30.

Plaintiffs next allege that on March 3, 2023, Wu sent $4,000,000 to Pai's bank account.

Id. at, 31. On March 30, 2023, Wu and Pai signed a Residential Purchase Agreement under which JP paid $7,715,000 to buy 23 additional units in Ladera from LGI Pacific Guam, Inc., which the Complaint says Pai owns and Clark manages. Id. at,, 33-34. On April 6, 2023, Wu and Pai signed a Supplemental Agreement that allegedly removed the repurchase provisions and made later-acquired real estate not subject to the original repurchase right. Id. at, 36. Wu alleges she agreed to lend Pai $7,715,000 in exchange for that consent. Id. at, 39.

On February 5, 2025, Clark had a Manager's Certificate of the Beneficial Owners of JP notarized; attached to it was a copy of, but not the original, Written Consent that Wu signed. Am.

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Comp!. ,r,r 40-41. On February I 0, 2025, Wu allegedly discovered unauthorized withdrawal instructions of $2,205,000 and $15,000 from JP's Bank of Hawaii account. Id. at ,r 46. She alleges that Clark and Pai made the requests, that the bank never confirmed them with her, that Attorney Jacques Bronze wrote to the title companies asserting Clark controlled JP, and that Bronze later convinced the bank to treat Clark as having access to JP's account. Id. at ,r,r 44, 47- 48, 50. Wu alleges those events froze JP's account. Id. at ,r 51.

Litigation followed soon after. Plaintiffs allege that Bank of Hawaii filed an interpleader action, CV0763-25, against both Plaintiffs and Defendants. Id. at ,r 52. They also note that Wu filed a separate breach-of-contract and fraud action against Clark and Pai on March 14, 2025, in CV0188-25. Id. at ,r,r 55-56. Around the same time, she recorded !is pendens against JP's properties. Id. at ,r 57. She further alleges that Clark and Pai worked with Taiwan real estate agents to sell JP property without disclosing the /is pendens, and that they tried to divert property and funds away from JP to prevent recovery. Id. at ,r,r 58-60.

The Plaintiffs also allege a later ownership shift. In July 2025, Plaintiffs discovered that Defendants had filed a Written Consent with the Department of Revenue and Taxation on March 18, 2025. Id. at ,r 61. That document allegedly transferred Pai's 99% interest in JP, and Clark's interest in JP, to Lakeshore and changed JP' s manager to Lakeshore. Id. at ,r,r 62-63. The Plaintiffs allege that Lakeshore had been owned by Clark and Pai, but Pai transferred his interest in Lakeshore to Pai's wife, Wan-Tang Liu, in December 2023. Id. at ,r,r 64-66. Plaintiffs further allege that Lakeshore authorized JP's dissolution on the same day as the transfer. Id. at ,r,r 67- 68.

Finally, Plaintiffs allege that on July 29, 2025, Lakeshore executed a quitclaim deed transferring five Ladera Tower units (705, 802, 803, 804, and 905) to HHW Guam, LLC, a

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CV0727-25 DECISION AND ORDER DENYING DEFENDANTS' MOTION TO Page4 DISMISS AND TO STRIKE AMENDED COMPLAINT

Lakeshore entity. Id. at ,i 125. Wu alleges that those units had been transferred to JP by LGI on or about April 23, 2023, and that 13 other units-504, 506, 609, 704, 705, 1002, 1005, 1006, 1008, 1010, 1011, 1106, and 1204--had been transferred away from JP to Lakeshore or to HHW; unit 705 appears in both groups. Id. at ,i,i 78, 102, 125-126. She contends that these transfers removed assets from JP and caused her damages, including lost rent and additional litigation costs. Id. at ,i,i 102-103, 120, 128. 11. DISCUSSION OF LAW The Court first outlines the general legal principles attached to the issues raised in the parties' briefs.

A motion to dismiss under Guam Rule of Civil Procedure 12(b)(6) tests whether the complaint states a claim upon which relief can be granted. Dismissal is proper only where the nonmoving party appears unable to prove any facts supporting the claim that would entitle the party to relief. Port Auth. of Guam v. Guam Indus. Servs., Inc., 2026 Guam 2 ,i 27. The Court accepts well-pleaded facts as true, reads the pleading in the light most favorable to the nonmoving party, and resolves doubts in that party's favor. Cruz v. Cruz, 2023 Guam 20 ,i 10. The Court need not accept bare legal conclusions, unsupported speculation, or allegations contradicted by the documents on which the pleading relies. Lujan v. J.L.H. Tr., 2016 Guam 24 ,i 10.

A fraudulent transfer claim under 20 GCA § 6101 voids any transfer made with intent to delay or defraud a creditor or other person of his demands. A claim under section 6101 is treated as a fraud claim and therefore must be pied with particularity under Rule 9(b ). Ukau v. Wang, 2016 Guam 26 ,i,i 37, 40-43. Rule 9(b) requires the plaintiff to state the circumstances surrounding the fraud with particularity, while intent may be averred generally. Id. at ,i 43;

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CV0727-25 DECISION AND ORDER DENYING DEFENDANTS' MOTION TO Page 5 DISMISS AND TO STRIKE AMENDED COMPLAINT

Guam R. Civ. P. 9(b). The pleading standard is commonly described as a "who, what, when, where, and how" requirement. Ukau, 2016 Guam 26 '1[ 47.

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