Supermarket magnate Jefferson Nino Lim and wife, actress Krista Ranillo during their private wedding day on August 8, 2010. INQUIRER PHOTO
ABS-CBN Global Remittance, Inc. recently filed a lawsuit against Island Pacific supermarket entities and their owners, Jefferson “Nino” Miave Lim and other members of the Lim family, recent TV and online reports said.
The ABS-CBN lawsuit alleged that the Island Pacific entities and the Lim family conspired to defraud ABS-CBN in connection with ABS-CBN’s remittance business, broadcaster Noli de Castro said as he read the statement of ABS-CBN in an earlier episode of “TV Patrol.”
Jefferson Nino Lim is chief executive officer of the wholly Filipino-owned supermarket chain based in the US.
READ: Filipino-owned supermarket chain opens 12th branch
The supermarket magnate is also known as the husband of Filipino actress Krista Ranillo, who has since retired from show business and settled in the US. They were married in a Jewish ceremony in Long Beach, California on August 8, 2010.
Business Wire reported in the said lawsuit, ABS-CBN asserts four causes of action against the Island Pacific Supermarket entities and the Lim family members. First is fraudulent conveyance, second constitutes fraud, third includes aiding and abetting breach of fiduciary duty and fourth is conversion, the report said.
ABS-CBN is also seeking punitive damages in this case, which is pending in Los Angeles Superior Court as case number BC611130.
Island Pacific Seafood Market opened it 12th branch in Pittsburg, California on April 26, 2013. In this INQUIRER file photo, Jefferson Nino Lim, CEO of the chain (second from left) attends with his wife Krista Ranillo (fourth from left).
Island Pacific Supermarket is a family-owned supermarket chain with corporate headquarters in Walnut, California.
It sells goods from different regions of the Philippines with emphasis on Asian products though it also sells Western commodities. It currently has 14 outlets in California, reports said.
In a statement, ABS-CBN said its remittance business myREMIT is a Kapamilya service from TFC (The Filipino Channel) in the Philippines.
Business Wire reported for any questions about the pending lawsuit, ABS-CBN said all inquiries can be coursed through their counsel, Steptoe & Johnson LLP’s Seong Kim at skim@steptoe.com or (310) 734-3232.
As of posting, Lim and representatives of Island Pacific have yet to issue a statement regarding the charges.