The lawsuit, filed by Hugo Yen against Emily Wang, Barbara Shi, and Beaver Health Inc., is currently before the Superior Court of California, County of Santa Clara under case ID 24CV435262. The case was lodged on April 12, 2024. Yen alleges breach of fiduciary duty, intentional interference with prospective business advantage, unjust enrichment, unfair competition, fraud, and seeks reinstatement of a wrongfully cancelled corporation.
Yen and Wang were college friends who started a joint venture to support elderly wellness through artificial intelligence. After an initial success, disagreements arose between them based on feedback from an early backer. Yen alleges that Wang and her mother Shi fraudulently ousted him from the company they had built together. In doing so, they removed his access to company documents and caused a potentially lucrative grant application to fail.
While still serving as a director and officer of the company, Wang allegedly started a competing business and resubmitted a similar grant application which was successful. Yen accuses Wang and Shi of fraudulently dissolving the United States branch of their joint venture.
Yen seeks to remedy these alleged breaches of fiduciary duty by seeking damages for his exclusion from the business he co-founded with Wang.