A selected summary of Southern California-related business litigation developments during the past week.

Concealing Chinese Deal Leads to Prison: The chief executive of a bankrupt Gardena firm that manufactured videotape equipment was sentenced to 2 1/2 years for concealing a $15.8-million deal to sell company assets to the Chinese. Amarjit Singh Anand, 40, of Riverside, had pleaded guilty to two counts of lying under oath in the 1985 bankruptcy proceedings of Intermagnetics America Inc. The firm filed for Chapter 11 protection in July, 1984. Anand obtained the bankruptcy court’s approval for a $3.5-million sale of video- and audiotape manufacturing equipment to 3-D Media of Los Angeles. But Anand failed to disclose that 3-D Media and another company that he controlled had secretly arranged to sell the equipment to National Electronic Devices Corp. of Wuxi, China. Because of the deception, profits of $12.3 million stemming from the sale were never turned over to the bankruptcy court to pay creditor claims. (Case No. 89-589. Sentenced Jan. 14).