A Delaware Supreme Court is reviewing the case of Joseph Manheim, who owns a business that coordinates US infrastructure investments for foreign nationals seeking EB-5 visas. The court is considering whether to uphold a $442,000 compensation award that was given to Paula Mandle, a director he appointed to a Delaware Valley Regional Center LLC affiliate.
The damages award was the result of a trial court finding that Manheim had funneled funds to himself and another executive. However, Manheim’s attorney, Bruce Jameson of Prickett, Jones & Elliott PA, argues that Manheim should not be held liable for Mandle’s compensation. He claims that Manheim did not need her approval for any of his decisions.
The outcome of this case will have implications on how businesses operate and handle their finances in the future. If the Delaware Supreme Court rules in favor of Manheim and removes the compensation he was ordered to pay to Mandle, it could set a precedent for other businesses operating in similar situations. On the other hand, if the court upholds the damages award, it could send a message that businesses must operate with transparency and accountability when handling their finances.