The Impact Of Blackstone’s Acquisition Of PAG Shares On PAX’s Case Against Miles Guo

A U.S. subsidiary of PAG, filed an entangled lawsuit against Miles Guo in the Southern District High Court of New York on September 18th, 2017, the day before the incident of live broadcast termination on “April 19th, 2017”, but the motion was rejected by Judge Barry Ostrager who handled the case. On April 5th, 2018, about six months after PAX’s further appeal, the judge again granted the issues back to the court for trial. During this period, there was a U.S. $400 million equity deal between the Blackstone Group and PAG, the largest client of Simpson Thacher & Bartlett LLP law firm, in which Judge Ostrager had been practicing and was a partner with for a long time. As a result, Judge Ostrager of the Southern District Court had a significant conflict of interest in PAX and Miles Guo’s case. In another case involving the Blackstone Group in March 2020, Justice Ostrager chose to rescue himself, explaining that his pension “comes at least in part from the substantial income that the law firm has received from Blackstone.

” In the case of Blackstone’s acquisition of PAG shares, the law firm representing Blackstone was Simpson Thacher & Bartlett LLP, where Judge Ostrager had worked for more than 20 years, while the law firm representing PAG was Jones Day law firm. Jones Day is one of the best-known law firms in the United States, with a revenue of $2.446 billion in 2021. The firm has branches or representative offices in Beijing, Shanghai, and Hong Kong. Its clients include major Chinese state-owned enterprises such as Hikvision, China Eastern Airlines, China International Capital Corporation, and Bank of China International.

The firm is also an external consultant to the 2016 and 2020 President Trump campaigns. Jones Day partner, Don McGahn was Trump’s legal adviser during the 2016 presidential campaign. After Trump’s election in 2016, McGahn was nominated as President Trump’s White House counsel, providing legal advice for the president and the White House office. However, he did not offer professional legal advice to President Trump in June 2017 when President Trump attempted to deport Miles Guo. On March 22nd, 2018, Blackstone officially completed its shareholding transaction with PAG, and Blackstone owned 17.60% of the PAG company. At this point, it was only two weeks before Justice Ostrager approved PAX suing Miles Guo in the Court of the Southern District of New York. Hence, it is no coincidence that Blackstone, PAG, and the two law firms involved in the transaction have a significant connection with Miles Guo. There are signs that the CCP has infiltrated the U.S. judiciary through some of the country’s top law firms. Behind PAX’s entangled lawsuit against Miles Guo is the Communist Party. It is a bitter struggle between Miles Guo, the Chinese Communist Party, and the U.S. judiciary’s black hand. Justice will prevail.