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Post by CAMRHON on Apr 15, 2011 14:11:40 GMT -5
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Post by CAMRHON on Apr 15, 2011 14:23:16 GMT -5
Texas lawyers
target Voisey's Bay
File lawsuit against Diamond Fields
• From Page 81
"The suit is frivolous and totally without merit and we fully intend to proceed with the planned merger," said a Vancouver spokesman for Di- amond Fields.
Indeed, a similar lawsuit launched by Ex.diam against Diamond Fields in Arkansas last year was withdrawn by the plaintiffs to pursue the case in 'D!xas.
It was one of Mr. O'Quinn's and Mr. Fryar's previous cases that led them to the Diamond Fields lawsuit. Both law· yers_ represented two South African brothers in a lawsuit against Paris- based Schlumberger Cos. that led to an $83-million judgment in their fa- vour. The decision is being appealed, but one of the brothers John Swanson, alerted the lawyers to Diamond Fields.
Mr. Swanson and his wife Anna of Henderson, Nev., are among a group of four major Exdiam shareholders who allege they have been wronged by Di- amond Field's Mr. Boulle.
According to their claim, Mr. Boulle, the Swansons and other shareholders formed Exdiam in the 19808 to invest in Arkansas Diamond Development Corp., a diamond exploration com- pany. Exdiam was one of three owners of Arkansas Diamond and the claim a}. leges that Mr. Boulle violated his fi. duciary responsibility to Ex.diam. by selling one of Arkansas Diamond's i joint venture partners to Diamond Fields in 1993.
The sale, alleges Mr. Fryar, violated a premptive rights clause that prohib-- ited the partners from offering their in- terests to outside parties. The assets Diamond Fields acqui,re(L the suit al- leges, gave the company the resources it needed to raise money through a public offering and hire prospectors to ultimately discover the nickel at Voi- sey's Bay. ·
"Does this entitle Exdlam to 100 per cent of Voisey's Bay? Yes, legally it does," Mr. Fryar said.
BY JACQUlE McNISH The Globe and Mail
Some of the most feared litigators in the United States are gunning for Voisey's Bay.
by Inco Ltd. of Diamond Fields.
In an extraordinary move, Ex-
diam Corp.'s Houston law frnn is-
sued a press release to announce
their ambitious claim, which is
"---- Stuart Feiner, Inco's executive vice-
president, said that after initial dis- cussions with Diamond Fields lawyers, it appears the Dallas lawsuit is with- out merit. However, he sai~ Inco was concerned enough about the stature of lawyers involved in the case that it yestenlay retained a law firm in 'D:lxas.
*These are well-lmown a n d re- spected lawyers. . . . We have to take this case seriously,» Mr. Feiner said.
The hll>-yers representing Exdiam is a veritable who's who of sOJLe of the most prominent and highly paid 'D:lxas litigators. Lead counsel on the case is Eric Fryar, a partner with Susman Godfrey of Houston, which has suc- cessfully won multimillion-dollar awards by taking on big U.S. compa- nies such as RJR Nabisco Holdings Corp. of New York and Xerox. Corp. of Stamford, Conn.
Joining Mr. Fryar on the case is his firm's founder Stephen Susman, who launched one the U.S.'s first class ac- tion suits 15 years ago in a successful antitrust case against a packaging company.
Rounding up the team is famed Houston plaintifl' law}rer John O'Q· uinn, who was pictured on the cover of Fortune Magazine's "Lawyers from Hell" issue last fall because of his ag- gressive litigation tactics. Ranked the second-highest paid trial lawyer in the United States with an annual income ~ $4(1-million (U.S.) in 1994, Mr. 0'(}
mnn has been blamed for pushing Dow Coming Corp. into bankruptcy because of his tactics in the silicone breast implant lawsuits.
Mr. O'Quinn is renowned as much for his ego as he is for his court room conquests. He frequently brags about the $8.5-million award he won in a wrongful death suit involving a prize bull named Superman. While working on the bull case he boasted to a lawyer representing a paraplegic that ni'll get more for my dead bull that you'll get for your paraplegic." He did.
In one of the more bizarre based on allegations of certain
twists in the year-long takeover business breaches by Diamond
battle for Diamond Fields Re- Field's co-founder and former sources Inc., a group of promi- Dallas businessman Jean-Ray-
nent 'D:lxas lawyers has launched a lawsuit against the Vancouver- based mining company on behalf of a small Dallas mining explora- tion company that has been out of business for years. The suit was filed in Dallas County Dis- trict Court.
The lawsuit's target? Most of Diamond Fields' assets, including the historic nickel discovery at Labrador's Voisey's Bay. The ac- tion comes on the eve of share- holder meetings next Wednesday to vote on a $4.3-billion takeover
mond Boulle. "The Dallas lawsuit asserts a
claim to most of the assets of Di· amond Fields and could result in Inco paying $4..3-billion for an empty shell," the release said. A lawyer for Ex.diam said it was not seeking to stop Inca's takeover.
Diamond Fields was quick to dismiss the lawsuit. "We regard this as pure optimism to initiate these proceedings just prior to our shareholder meeting.
Please see lltua 1 B10
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Post by siriusnews on Apr 16, 2011 13:12:25 GMT -5
Cam,
wow, my first post. I'm allowed to post now. Thank You
Help is on the way. Just Watch the movie. It is coming out soon.
richard
SiriusNews
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Post by siriusnews on Apr 16, 2011 23:07:37 GMT -5
Jerry,
Now you need to connect Mr Fryar to Wes Christian who is also from Houston Texas.
Now they could make a great Team, similar to when Mr Fryar teamed up with John Oquin
SiriusNews
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marty
Millionaire
Posts: 4
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Post by marty on Apr 18, 2011 5:34:31 GMT -5
Good Morning: I am very anxious to know what the email from Al Hodges to Mr. Fryar said. Depending on that information, I will make a decision to join Jerry's suit.
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Post by wolfbela on Apr 18, 2011 6:20:49 GMT -5
Good morning all.. Cam, thanks for the board and the thread.
As soon as I hear, I will post...
Marty, it is not a suit.. it is an investigative action
J WB
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marty
Millionaire
Posts: 4
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Post by marty on Apr 18, 2011 12:22:32 GMT -5
Good morning all.. Cam, thanks for the board and the thread. As soon as I hear, I will post... Marty, it is not a suit.. it is an investigative action J WB Wolf - Thanks for clarifying. I would still like to know what was said so that I can make a decision as to whether or not to join the investigation by Mr. Fryar. Thanks. Marty |
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Post by siriusnews on Apr 18, 2011 22:26:40 GMT -5
All that is necessary for the forces of evil to win in the world is for enough
good men to do nothing.
by Edmund Burke
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Post by siriusnews on Apr 18, 2011 22:28:03 GMT -5
All that is necessary for the forces of evil to win in the world is for enough
good men to do nothing.
by Edmund Burke
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Post by vineutz1 on Jul 29, 2011 13:39:18 GMT -5
to jerry i paid fryar but i dont know if i can send you proof , and i dont know how , can you help me
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