A high-stakes battle between a Fremont, Calif.-based tech company and a Hong Kong investment firm is nearing a dramatic conclusion after a judge dropped the hammer on a key defendant for giving false testimony, and for skipping out on mandatory settlement talks.

Santa Clara County Superior Court Judge Jack Komar last week ordered terminating sanctions against Prediwave Corp. CEO Jianping “Tony” Qu, a rare punishment that effectively obliterates his defense arguments and rules in favor of the plaintiff. It will lead to a default judgment against Qu, Komar said in court.

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