Translarity, Inc. v. Grand Junction Semiconductor Pte. Ltd.

CourtDistrict Court, N.D. California
DecidedOctober 29, 2024
Docket3:24-cv-02423
StatusUnknown

This text of Translarity, Inc. v. Grand Junction Semiconductor Pte. Ltd. (Translarity, Inc. v. Grand Junction Semiconductor Pte. Ltd.) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Translarity, Inc. v. Grand Junction Semiconductor Pte. Ltd., (N.D. Cal. 2024).

Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 TRANSLARITY, INC., Case No. 24-cv-02423-SI

8 Plaintiff, ORDER GRANTING IN PART 9 v. DEFENDANTS’ MOTION TO COMPEL ARBITRATION AND 10 GRAND JUNCTION SEMICONDUCTOR STAYING REMAINING PTE. LTD., et al., PROCEEDINGS 11 Defendants. Re: Dkt. Nos. 51-53, 67 12 13 On October 25, 2024, the Court held a hearing on several motions filed by defendants Grand 14 Junction Semiconductor PTE, Ltd., Pacific Gate Advisors LLC, Robert Marassa and Huan Wang, 15 as well as Translarity’s motion to strike paragraphs 16-18 of Robert Marassa’s reply declaration. 16 The Court construes defendants’ motion to dismiss for improper venue as a motion to compel 17 arbitration, and so construed, the Court GRANTS the motion as follows: Translarity, Grand 18 Junction, Robert Marassa and Huan Wang (in their capacities as agents for Grand Junction) are 19 compelled to engage in arbitration pursuant to the arbitration agreement. The balance of the case is 20 STAYED pending arbitration. Once the stay is lifted, the Court will set a schedule for motion 21 practice regarding the remaining defendants and claims. The Court DENIES the other pending 22 motions as moot. 23 24 BACKGROUND 25 On April 23, 2024, plaintiff Translarity, Inc. filed this lawsuit against defendant Grand 26 Junction Semiconductor PTE, Ltd. (“Grand Junction”), Pacific Gate Advisors LLC (“PGA”), Robert 27 Marassa, Huan Wang, Beijing Zhongyi Fund Management Co. Ltd. (“ZiFund”) and Alpha Wealth 1 with its principal place of business in Fremont, California. First Amend. Compl. (“FAC”) ¶ 1. 2 Grand Junction is a Singapore “private limited company” with a principal place of business in 3 Singapore. Id. ¶ 2. PGA is a Delaware limited liability company with its principal place of business 4 in Tennessee. Id. ¶ 5. Robert Marassa resides in Tennessee and is the President of PGA and the 5 current CEO of Grand Junction. Id. ¶ 6; Marassa Decl. ¶¶ 1-2 (Dkt. No. 52-1). Huan Wang resides 6 in California and is a principal of PGA and director of Grand Junction. FAC ¶¶ 161, 189. ZiFund 7 is a Chinese investment firm, and Alpha is a British Virgins Islands limited liability company 8 operated by ZiFund. Id. ¶¶ 3-4.1 9 Translarity is in the business of making probe cards and related products used principally 10 for testing semiconductor devices and for providing services associated with such products. Id. 11 ¶ 16. Dr. Dominik Schmidt is the CEO of Translarity and former CEO of Grand Junction. Id. ¶ 46; 12 Schmidt Decl. ¶ 30 (Dkt. No. 58-1). In 2020, Translarity engaged PGA to solicit investments for 13 the formation of a joint venture in China to expand Translarity’s manufacturing capacity and service 14 in the domestic Chinese market. FAC ¶ 18. 15 Pursuant to that engagement, in December 2021 Translarity entered into a Joint Venture 16 Agreement with a Chinese investment fund, SSEM, to form Shanghai Carson Semiconductor Co., 17 Ltd. (“Carson”), to develop a probe card manufacturing facility in China (“Carson JV Project”). Id. 18 ¶ 19. SSEM is managed by another Chinese company, PDSTI. Id. ¶¶ 20, 22.2 Translarity and 19 PDSTI (through SSEM) were the majority shareholders in Carson. Id. ¶ 23. As part of the joint 20 venture agreement, PDSTI demanded an investment by Translarity employees. Id. ¶ 24. To fulfill 21 this obligation, Translarity employees contributed $500,000 towards the establishment of Carson 22 via ChipExperts Ltd., a company incorporated under the laws of Hong Kong. Id. ¶ 24. Dr. Schmidt 23 was appointed the CEO of Carson, and Translarity CFO Christopher Brown was appointed CFO of 24

25 1 Alpha was served with the FAC on August 16, 2024. Dkt. No. 61. On September 6, 2024, the parties filed a stipulation to extend the deadline for Alpha to respond to the FAC until 21 days 26 after the Court rules on the pending motions. Id. The docket does not reflect that ZiFund has been served. 27 1 Carson. Schmidt Decl. ¶¶ 19-20. 2 Due to COVID restrictions, government requirements, construction delays and management 3 disputes, many aspects of the Carson JV Project were delayed, leading to cost overruns. FAC ¶ 25. 4 In 2022, Translarity, on behalf of Carson, again sought PGA’s assistance, this time to solicit 5 additional investors for Carson. Id. ¶ 26. Failure to secure additional investment for Carson could 6 lead to a total loss of the equity held by Translarity. Id. ¶ 27. Marassa and Wang steered Translarity 7 away from securing further investments from PDSTI, and directed Translarity to work with 8 defendants ZiFund and Alpha. Id. ¶ 29. Marassa and Wang told Schmidt and Brown that working 9 with ZiFund and Alpha would guarantee payment of significant back due amounts owed to 10 Translarity, Schmidt, and Brown, and that they would never get paid if they continued to work with 11 PDSTI. Id. ¶¶ 30-31. Translarity claims that “[i]n hindsight, it appears that Marassa’s and Wang’s 12 efforts (likely guided by ZiFund and Alpha), were from the beginning calculated to leave Translarity 13 and Carson in precarious and compromised financial circumstances so ZiFund (either directly or 14 through Grand Junction) could buy Carson, Translarity, and/or the remaining valuable parts of 15 Carson and Translarity for pennies on the dollar.” Id. ¶ 33. 16 The discussions between PGA (through Marassa and Wang) and Translarity led to the 17 formation in January 2023 of Grand Junction. Id. ¶ 34; Marassa Reply Decl. ¶ 7, Ex. 1 (Dkt. No. 18 64-1).3 Alpha was the principal investor in Grand Junction. FAC ¶ 37. Grand Junction was formed 19 to invest in or acquire Carson, and Translarity alleges that “Grand Junction’s acquisition of Carson 20 was the core feature of the transactions and proposed transactions giving rise to this litigation.” Id. 21 ¶¶ 34, 39. Translarity alleges that Grand Junction “was based on the vision of Dr. Dominik Schmidt 22 . . . who was the only member of Grand Junction’s initial management team with any background 23 in the semiconductor field.” Id. ¶ 35. Schmidt’s vision “was to develop a vertically integrated 24 semiconductor test business that would ultimately include Carson and a number of related 25

26 3 The FAC, Dr. Schmidt’s declaration, and some of the briefs state that Grand Junction was formed in late 2022. Marassa filed a reply declaration stating that Grand Junction’s formation 27 records, which he filed as Exhibit 1 to that declaration, show that Grand Junction was formed on 1 businesses and utilize services from Translarity.” Id. ¶ 36. 2 In conjunction with the formation of Grand Junction, Marassa, Wang, Schmidt and others 3 “loosely but firmly agreed to a plan for Translarity to assist Grand Junction in acquiring several 4 strategic companies in this space” and the acquired companies “would benefit Translarity, Carson, 5 and Grand Junction upon Grand Junction’s planned acquisition of Carson.” Id. ¶ 40. Schmidt and 6 Brown worked on these acquisition efforts, and Translarity alleges that these efforts were on behalf 7 of Grand Junction and that Translarity’s employees were never paid by Grand Junction for their 8 work, while Grand Junction asserts that Schmidt took these actions on behalf of and for the benefit 9 of Translarity, not Grand Junction. FAC ¶¶ 44-47; Marassa Reply Decl. ¶ 15. 10 Schmidt was hired “with a signed agreement” to be Grand Junction’s CEO. FAC ¶ 46.4 11 Schmidt was the CEO of Grand Junction until he was “removed” from that position in February 12 2024. Schmidt Decl. ¶ 34. Marassa is the current CEO of Grand Junction. Marassa Decl. ¶ 1. 13 In early 2023, Translarity, Carson and PDSTI (the majority shareholder in Carson) entered 14 into negotiations with Grand Junction for Grand Junction to acquire Carson. FAC ¶ 49. In 15 September 2023, “Grand Junction walked away from the initial negotiations, stating among other 16 things in a meeting with Translarity and PDSTI, that ‘Translarity must die.’” Id. ¶ 57.

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Translarity, Inc. v. Grand Junction Semiconductor Pte. Ltd., Counsel Stack Legal Research, https://law.counselstack.com/opinion/translarity-inc-v-grand-junction-semiconductor-pte-ltd-cand-2024.