Jia Yueting Sues Whistleblower Gu Yingqiong for Publishing False Information That Delayed Asset Sales

Jia Yueting Sues Whistleblower Gu Yingqiong for Publishing False Information That Delayed Asset Sales

Xu Wei

Date: Mon, 10/09/2017 - 20:22 / Keywords: Jia Yueting, Leshi, LAWSUIT, LEECO, Gu Yingqiong
Jia Yueting Sues Whistleblower Gu Yingqiong for Publishing False Information That Delayed Asset Sales
Jia Yueting Sues Whistleblower Gu Yingqiong for Publishing False Information That Delayed Asset Sales

(Yicai Global) Oct. 9 -- The Los Angeles District Court in California, US has issued a temporary restraining order against whistleblower software engineer Gu Yingqiong, due to information he released on his public WeChat account about Jia Yueting, the troubled founder Leshi Holding Beijing Co., better known as LeEco, that was deemed to be false, Securities Daily reported today.

The order requires Gu to stop posting any false information and remarks concerning Leshi and Jia on any platforms, and he must stay at least 100 yards (about 91 meters) away from him.

"These rumors had an extremely negative impact on the financing of Leshi and on the settling of debts related to Leshi’s non-listed companies, thereby delaying the sales of assets by Jia and the company,” a LeEco insider said.

Leshi and Jia have prepared legal action in both China and the US.

The court hearing will be held on Oct. 19 at the California Court of Appeals, the report said. Gu responded to the order saying that he would not remain silent. He is in Seattle, and Jia is in Los Angeles, so it would not be possible for him to contact Jia directly, he added.

Gu, a software engineer for eBay Inc.’s [NASDAQ:EBAY] Seattle office, published several articles on Jia and Sunac China Holdings Ltd. [HK:1918] chair Sun Hongbin, who now heads LeEco’s listed arm.

He indicated that Jia had not been to Hong Kong and that recently reported negotiations with creditors were false. He also alleged that Jia has applied for a US green card and Sun is suspected of tax evasion in the country.

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Keywords: Jia Yueting, Leshi, LAWSUIT, LEECO, Gu Yingqiong