Tsang Brothers Corp v. Au, Tsang, Au and First Commercial Bank

Superior Court of Guam·Decided May 14, 2018·No. CV1218-17·Unknown

Opinion

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8 IN THE SUPERIOR COURT OF GUAM

10 TSANG BROTHERS CORPORATION, CIVIL CASE NO.' CV1218-17

11 PLAINTIFF, 12 DECISION AND ORDER vs. 13 (Defendants' Motion for Summary MAN LING AU, PING CHUNG TSANG, Judgment or in the Alternative to 14 LAI HING AU AND FIRST Dismiss) 15 COMMERCIAL BANK, 16 DEFENDANTS. 17

18 INTRODUCTION

19 This matter came before the Honorable Anita A. Sukola on February 15, 2018 pursuant to

20 Man Ling Au's and Ping Chung Tsang's Motion for Summary Judgment or in the Alternative to

21 Dismiss. Attorney Curtis C. Van dh veld appeared on behalf of Man Ling Au and Ping Chung

22 Tsang. Attorney William L. Gavras appeared on behalf Lai Hint Au. Attorney Geri E. Diaz

23 appeared on behalf of Tsang Brothers Corporation ("TBC" or "Plaintiff"). Upon review of the

24 written and oral arguments, and legal authorities presented by the Parties, the Court hereby

25 DENIES Man Ling Au's and Ping Chung Tsang's Motion for Summary Judgment or in the

26 Alternative to Dismiss.

27 ///

28 OHIO F CVI2l8-17 Tsang Bros. Corp v. Man Ling Au Er al Page 1 of 10 DECISION AND ORDER (Defendants Ping Chung Tsang's and Man Ling Aula Motion for Summary Judgment or in the Alternative to Dismiss) 1 Ping Chung Tsang and Man Ling Au filed the instant Motion for Summary Judgment, or in

2 the alternative, Motion to Dismiss Complaint and its Counts 1 and 2 pursuant to Rule 12(b)(6) of

3 the GRCP on December 20, 2017. Defendant Au Lai Hint filed a jointer in the Motion on

4 December 21, 2017. TBC filed an Opposition to the Motion for Summary Judgment or in the

5 alternative, to Dismiss on January 17, 2018. The Court held a hearing and took the Motion under

6 advisement on February 15, 2018.

7 BACK GROUND

8 Tsang Brothers Corporation ("TBC") is a corporation authorized to do business on Guam.

9 Verified Con pl. at '1[ 1 (Dec. 1, 2017). Wing On Tsang (aka "Norman Tsang"), is the President of

10 TBC. Q at '][ 2. Defendant Ping Chung Tsang ("Larry") is married to Defendant Lai Hint Au

11 ("Christina"). Q at ']1 3. Larry and Christina are residents of Guam, and Larry is a shareholder of

12 TBC. Q at '][*][4, 5. Man Ling Au is Christina's sister. Q at '][6. Larry was previously the General

13 Manager of Operations for TBC until February 17, 2014, when he was terminated for misconduct.

14 Q at 8 . Christina was previously the Office Manager for TBC, and hand led the company's

15 finances, until her termination on February 17, 2014. Q at q19.

16 On October 13, 2017, Norman Tsang was notified by First Commercial Bank that on

17 October 12, 2017, Man Ling Au wrongfully revoked a power of attorney which allowed TBC to

18 use funds in three Time Certificate of Deposit ("TCDs") Accountsl to secure a line of credit for

19 TBC. Q at <11

20 Ling Au, and for Participation in and/or Aiding and Abetting against Larry Tsang and Christina

21 Au. Q at 'l['][ 20-26, 27-30. The Verified Complaint seeks damages and equitable relief against

22 Larry, Christina and Man Ling Au. TBC alleges the funds in the three accounts belong to TBC. Q

23 at 'il 21.

24 Declaration of Ping Chung Tsang (aka "Larrv Tsang")

25 In the Motion for Summary Judgment or in the Alternative to Dismiss under Rule 12(b)(6)

26 of the GRCP, Defendants Larry and Man Ling Au rely on the Declaration filed on December 11,

27 1 The Time Certificates of Deposit are listed under the following Account Numbers: 901 lTD30000l , 28 901 1TD300002, and 9011TD300003.

CVl2l8-17 TsangBros. Corp. v Man Ling Au et al Page 2 of 10 DECISION AND ORDER (Defendants Ping Chung Tsang's and Man Ling Au'sMotion for Summary Judgment or in the Alternative to Dismiss) l\ll\l\llllllll l

I

1 2017 in support of Larry and Man Ling Au's Opposition to TBC's Application for a Preliminary

2 Injunction. Relative to this Motion, Larry alleges that his sister-in-law Man Ling Au, executed a

3 power of attorney in 2001 which allowed "Tsang Ping Chung, Tam Kam Vent, and Tsang Wing

4 On" to transact business upon her accounts at First Commercial Bank. Decl. Ping Chung Tsang

5 Supp. Opp'n Mot. Restraining Orders at qs l (Dec. ll, 2017). Larry further argues that because

6 Kevin and Norman signed the Power of Attorney, since at least July of 2001, they were aware that

7 the funds in the First Commercial Bank accounts were owned by Man Ling Au. Q

8 Affidavit of Wing On Tsang (aka "Norman Tsang")

9 According to Norman, the Shareholders of TBC are: Norman Tsang (20,000 shares), Larry

10 Tsang (20,000 shares), Kam Beng Tam ("Kevin") (20,000 shares), and Wing Chi Tsang (35,000

11 shares). Wing on Tsang Aft. Supp. Opp'n Dens' Mot. Summ. J. or Dismiss q12 (Jan. 17, 2018).

12 Norman alleges that Larry and Christina handled TBC's affairs from 1988 until their termination

13 in February of 2014. Q at '][

14 elected to the position. Q at qs 5. Norman alleges that in 2014, he asked for certain financial

15 information related to TBC for the period Larry and Christina managed TBC, but he never

16 received such information. Q at

17 had large amounts of money in bank accounts on Guam at the First Commercial Bank, he inquired

18 with Larry about the funds. Q at *]['][ 7-8. In response, Larry then allegedly provided a handwritten

19 document that listed bank accounts in Man Ling Au's name which held funds that belonged to

20 TBC. Q at 'll 9. Christina also allegedly produced a typewritten document from September 29,

21 2009 which showed TBC's various accounts in Guam and Hong Kong. Q at 'll 10. Christina's

22 document allegedly included several accounts under Man Ling Au's name. Q

23 Norman alleges that on July 10, 2010, he, Kevin, and Larry held a meeting to discuss

24 TBC's operations and the TCD issues. Q at

25 the full details of TBC's funds held in Man Ling Au's name. Q Larry allegedly suggested that

26 TBC change the names the TCDs were deposited under from Man Ling Au's name to the

27 shareholders' names because the money belonged to TBC. Q However, because Man Ling Au

Cvl2l8-l7 Tsang Bros. Corp. v. Man Ling Au Er al Page 3 of 10 DECISION AND ORDER (Defendants Ping Chung Tsang's and Man Ling Au's Motion for Summary Judgment or in the Alternative to Dismiss) I III I l l

1 had to be present in Guam to complete the change, the name on the TCDs was never changed. Q

2 at '][ 12. Norman alleges that since TBC was still able to use the TCDs to secure TBC's loans and

3 lines of credit without any issues, they "kept the status quo." Q

4 When certain TCDs matured in 2012, Norman, Kevin, and Larry allegedly agreed to

5 disburse the proceeds to the shareholders, which amounted to a one-fourth (1/4) share of Thirty

6 Thousand Dollars for each shareholder. Q at

7 2, 2013, and January 30, 2013. Q at qt 17. Wing Chi, Kevin, Larry, and Norman agreed that each

8 would receive Eighty Thousand Dollars ($80,000.00) from the first set.

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