The Chinese owners of Forbes magazine have asked a US court to dismiss the Forbes family’s lawsuit against them, arguing allegations made in October of payment default and corporate abuse are without merit.
Integrated Whale Media (IWM) said that the US case should be thrown out as the family had already initiated a similar case in a British Virgin Islands court, according to a legal document sent to a Delaware court on December 15, which has been seen by the Financial Times.
Forbes family members said in the Delaware lawsuit filed in October that IWM had refused to pay what it owed them as part of the deal agreed in September 2014. It made similar allegation in an earlier lawsuit filed in BVI.
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