Xuming Zhang, the president of AVIC, faced a lawsuit in Dallas, Texas, that lasted for over seven years and resulted in a nearly $100 million theft judgment. During this time, Zhang, representing his Chinese superiors, slowly divested massive assets before ultimately filing for bankruptcy in Los Angeles under Case No.: 2:20-bk-19043-WB Chapter 11.
In this bankruptcy case, the wind and solar creditors received a settlement worth millions from AVIC’s Chinese parent company in China, as AVIC USA claimed to be “penniless.” The bankruptcy judge, Julia W. Brand, allowed this payment to be made directly from the China parent company while disallowing our claim in this bankruptcy case.