China West II, LLC Files $6 Million Arbitration Against Genesis
MIAMI, FL –(MARKET WIRE)—Oct 9, 2008 – China West II has filed an arbitration for $6 million USD against Genesis Pharmaceuticals (OTCBB:GNPH.OB-News) for its breach of contract and failure to distribute stock in China Wind Systems, Inc. (OTCBB:CWSI.OB-News) per operating agreement and contractual obligations. Genesis Equity Partners II (GEP II) was formed in 2007 to complete the private to public reverse merger program for China Wind (”Green Power”). Genesis owned 51%, China West owned 24.5 p
Original post by [Technorati] Tag results for stocks