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Post by alrich on Apr 20, 2012 10:28:24 GMT -5
Spain Bans Cash www.thedailybell.com/3814/Spain-Bans-Cash Spain Bans Cash Transactions Over 2,500 Euros ... Spain has outlawed the use of cash in business transactions in excess 2,500 euros in order to crack down on the black market and tax evaders. The motivations behind the push for digital currencies is exposed as Spain heads down the road of the Greeks in combating their sovereign debt crisis. |
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Post by alrich on Apr 20, 2012 10:32:31 GMT -5
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Post by alrich on Apr 20, 2012 12:12:25 GMT -5
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Post by alrich on Apr 20, 2012 12:18:32 GMT -5
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Post by alrich on Apr 20, 2012 13:19:22 GMT -5
www.reuters.com/video/2012/03/09/reuters-tv-goldman-sachs-makes-big-move-to-utah-bri?videoId=231454575&videoChannel=117777 Goldman Sachs makes big move to Utah, bringing jobs & money to Mormon country - Reuters Investigates (2:18) Some 2,000 miles away from Wall Street, Goldman Sachs is putting down roots in Salt Lake City. The venerable investment bank is finding an unlikely second home in this deeply religious Utah center. Reuters correspondent Katya Wachtel talks about her trip with her colleague Lauren LaCapra to Salt Lake City, where they found a surprising rapport between Goldman and the world headquarters for the Mormon Church. ////////////////////////////////////////////////////////////////////////////I smell trouble from GS, I smell Influence of UTAH Official's to fight Patrick Byrnes on his own homefront . About Overstock.com Headquartered in Salt Lake City, Utah.
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Post by alrich on Apr 22, 2012 12:44:48 GMT -5
By: swordfish168 on statute of limitations-
the company cannot bring legal action, per Kirkpatrick, as they knew in advance years ago however the shareholders who did not know can bring legal action.
best, mike
By: retireman
21 Apr 2012, 09:52 AM CDT
Msg. 1081202 of 1081217
In regards to Statute of limitations,
I invite all to google
Merck & Co., Inc. v. Reynolds
US Supreme Court 08-905
The US Supreme Court said in 2010 that the two-year statute of limitations under §10 (b) does not begin to run until "discovery of the facts constituting a violation." 28 U.S. C. 1658 (b) (1).
The Third and Ninth Circuits held that a plaintiff (in our case, we shareholders) had to have actual or constructive knowledge of facts suggesting scienter ( Fraud, in this case) before the statute could begin to run..
Also, we may not be able to seek Rico using the Merck ruling, but we can seek on Securities Fraud..
Also from another ruling,
A defendant ( in our case, the brokers) who prevents a plaintiff (Shareholders) from obtaining information that he needs in order to be able to file a complaint that will withstand dismissal is forbidden, under the rubric of equitable estoppel ("estopped" is the legal term), to plead the statute of limitations for the period in which the inquiry was thwarted. *** Rotella v. Wood, ... 528 U.S. at 561.
If we as shareholders stand idly by and not take action in this matter, we will regret it the rest of our lives...
The action MUST be taken with the shareholders at the forefront.. at this point, the company's involvement is immaterial...
Since we as shareholders were just officially informed by management a month ago we were damaged, the clock could theoretically be ticking..Delay cannot be an acceptable form of action..
For once, the shareholders must get off of their asses and seek options other than what they are being told by the company...
Please share this information...
Good luck
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Post by alrich on Apr 22, 2012 12:49:04 GMT -5
By: king1000 22 Apr 2012, 01:25 PM CDT Rating: Rate this post: Msg. 1081431 of 1081434 Jump to msg. # As a group we have the proof, 100% that Leslie Hakala was presented with fraud evidence while the stock traded and allowed the fraud to continue and is covering it up right now. Our company has verified that now and is willing to back that up if anyone investigating calls them. This alone is crushing evidence that proves that fact. There has to be something we can do with that. The next day before we were supposed to leave, Don Stoecklein had set up a meeting with the SEC. And we were not excited about staying for this meeting, we wanted to get out of town, but Don felt like we were going to go talk to them about naked shorting. And that was the main reason that we were there in the first place, and I had all this evidence that I was hoping to give to the SEC, so we had to stay When Bill Frizzell walked into the meeting on the morning of Wednesday, May 11, 2005, he saw every person in the room in a different light. He looked at the faces around him and began to wonder if he had a friend in the entire process. SEC attorneys Leslie Hakala and Gregory Glenn were there with someone else from the SEC, along with CMKX attorney Donald Stoecklein, Bob Maheu, and Mike Williams. Looking back at it later, Frizzell said: So I have all that knowledge while Im sitting there at this meeting with the SEC. And Ive got the corporate general council for CMKM, Don Stoecklein there, and Bob Maheu who was supposed to be cleaning everything up. I was seriously thinking You know, nobody wants me here. I dont even think the judge wants me here. The SEC dn sure doesnt want me here. The corporation doesnt want me here. And I was thinking Oooo, this is ugly, but Ive got this information here and Im trying to figure out what can I do with it. Hakala had made every effort to exclude Frizzell and the shareholders from being represented from day one. In Bills words, Hakala and the SEC had the attitude of why do the shareholders need a lawyer? Our job is to represent the investorsthey dont need their own council. But in Frizzells mind it was clear they were simply covering up their own mistakes: Although the naked short position was not a central issue in the hearing, I had the concern that the naked shorting was so bad that the SEC was going to revoke this company in hopes of covering up the massive stock counterfeiting. Hakala and Glenn introduced the person they had brought with them, Andrew Petillion, Branch Chief of Enforcement at the Pacific Regional Office. Frizzell was a bit taken aback why were they bringing in the head of the entire Pacific region for this little diamond mine company? Frizzell hoped that Maheu might side with him, especially with theories abounding that he was brought in specifically to deal with the criminals who were selling counterfeit stock into the market. Stoecklein wanted to buy time for the company to file their delinquent paperwork. Even if he was using Frizzell to drag out the process, at least he was siding with him on the issue of naked short selling. And who was Mike Williams? Frizzell still didnt know where Williams fit into all of this, since he had no official position with the company. Why was he there at all? Sitting in the meeting with the three SEC officials, Maheu, Stoecklein, and Williams, Bill Frizzell wasnt certain how much of this newfound information he should divulge. He knew the SEC had access to it, and surely they had put two and two together and made the connection between the massive share dumping by Edwards and the other insiders and the money that flowed like water through Urbans bank accounts. But as far as the naked short selling, he knew he would have to lay his cards out on the table: I had a CD-ROM that had an actual picture of the brokers statements. And we had the database that actually totaled up what those statements were. So if they were inclined to do so, they could check out our numbers by just pulling up the data base, clicking on it, and theres a picture of the brokerage statement to see if it is authentic or not. In other words, this wasnt just a jokester conversation. We had a hard copy printout of every brokerage statement, who the broker was and what the number of shares were, a whole box full of statements with the CD-ROM sitting right there on top of it. In several conversations with Bill Frizzell, he recalled that Leslie Hakala had voiced her true feeling towards the more than 50,000 CMKX shareholders who had lost hundreds of millions of dollars: I am not concerned about the present shareholders. Im concerned about future investors in this company. Those were her exact words And I said, Leslie, thats 50 or 60 thousand people who have put their money in there. Your action is going to delist this security. All their investments go down the tube if this company goes under, and thats not a concern? I remember having that conversation. She said, Im just worried about future investors. I dont want anybody else investing their lives in this. It was then that I realized that the SEC didnt want to do anything to help the shareholders of CMKX. They just wanted us to just go away. It started off with Leslie asking What proof do you have of naked shorting? Well, I have a CD and these are 5,050 brokerage statements that represent 350 billion shares. This has just come within the last five days. We also have a December 2004 report from the transfer agent saying that 2,033 people hold certificates representing 326 billion shares. Thats 676 billion shares owned by only 7,083 shareholders. Since there over 50,000 total shareholders total, its obvious that the ones that havent been counted yet will far surpass the 703 billion shares issued. So, Hakala said, well, how do I know that those brokerage statements havent been altered? Wellthat can be verified through the brokerage house and we can get affidavits if we need to. But were here to tell you that this is our investigation. And she said, Well if you prove the naked short, we will investigate it. The end result of all of this was that as I was walking out, we were all getting up, and Mr. Petillion, said, By the way, if this is an orchestrated short squeeze against the brokerage houses to make the stock price go up, we will come after those who are responsible. And then he said, We would not look kindly on a cert pull because it would cause market manipulation. And this was the regional chief. I mean it was a clear threat in my opinion from the SEC that if we did anythingwell, I said something to the effect that if there are brokers out there with shares in their accounts that they havent delivered, thenit is what it is. ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=1081431 |
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Post by siriusnews on Apr 23, 2012 8:42:51 GMT -5
We are now in the week of April 23rd- April 27th, 2012 Follow the court Documents
Look for the SEC/DOJ response by Friday April 27th if not sooner. Sure it will be about 15- 25 pages long and will again say that the SEC is the Government and Al's Lawsuit is and should be against private company the DTCC and the privately owned Brokerage houses that own the DTCC. They will argue that along with the taken clause and blah blah blah. Then we wait to see what the judge will do.
What we need to do is take that language of the DOJ/SEC and expose it all over the internet to shed some light on the CMKX LAWSUIT and connect this DOJ/SEC response to Al Hodges 44 page filing and get active to connect it to the Naked Short Selling info that is now starting to come out on the internet. If we can shed light on this, hopefully we can get it to the next level ( TV ) which still refuses to cover NSS.
We now have some great info and great stories on NSS and need to all work together to expose this CMKX Lawsuit and connect the dots to the NSS story and tie it to the evidence presented in the movie The Wall Street Conspiracy and the many other stories that are now coming out about NSS. The time is now to take action as a group and connect all the dots.
looks for the DOJ/SEC response this week and then we need to blast their response all over the internet and connect the CMKX Lawsuit to the many NSS stories now coming out.
Richard
SiriusNews
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Post by siriusnews on Apr 23, 2012 20:11:25 GMT -5
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Post by siriusnews on Apr 23, 2012 20:29:14 GMT -5
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Post by siriusnews on Apr 23, 2012 20:29:38 GMT -5
SEC OBTAINS $4.8 MILLION JUDGMENT AGAINST MARCO GLISSON, WHO WAS CHARGED WITH MAKING A MARKET IN DEREGISTERED SECURITIES OF CMKM DIAMONDS, INC. U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 22340 / April 23, 2012 Securities and Exchange Commission v. Marco Glisson, Civil Action No. 2:09-cv-00104 SEC OBTAINS $4.8 MILLION JUDGMENT AGAINST MARCO GLISSON, WHO WAS CHARGED WITH MAKING A MARKET IN DEREGISTERED SECURITIES OF CMKM DIAMONDS, INC. The Securities and Exchange Commission ("Commission") announced that a judgment was entered on April 11, 2012 in its civil injunctive action against Marco Glisson, filed in the United States District Court of Nevada. Without admitting or denying the allegations in the complaint, Glisson consented to entry of a permanent injunction against violations of the registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933, and the broker dealer registration provisions of Section 15(a) of the Securities Exchange Act of 1934. Glisson was ordered to pay $2,765,650.65 in disgorgement, which represented profits gained as a result of the conduct alleged in the complaint, together with prejudgment interest in the amount of $670,574.79. In addition, Glisson was ordered to pay a civil penalty in the amount of $1,400,000, and was permanently barred from participating in the offering of penny stock. The Commission’s complaint alleged that from December 2005 through April 2007, Glisson acted as an unregistered broker or dealer and illegally sold deregistered securities of CMKM Diamonds, Inc. CMKM's registration with the Commission was revoked and the stock delisted on October 28, 2005. According to the complaint, Glisson, a retired auto worker and part-time restaurant worker who used the name “Deli Dog†or “Deli†in Internet chat rooms, identified potential buyers and sellers by frequenting CMKM related internet chat rooms and through referrals from past buyers and sellers. Glisson then negotiated the terms of the transaction and consummated it by exchanging money for the pertinent CMKM stock certificate. Through these practices, Glisson made a market in deregistered CMKM securities at a time when legitimate broker-dealers refused to execute such purchases or sales because of the Commission's deregistration of CMKM. See Litigation Release No. 20855/January 15, 2009, for information on the filing of the original action and a link to the Commission’s Complaint. www.sec.gov/litigation/litreleases/2012/lr22340.htm |
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Post by alrich on Apr 23, 2012 21:23:49 GMT -5
The SEC Cover: "The Commission’s complaint alleged that from December 2005 through April 2007, Glisson acted as an unregistered broker or dealer and illegally sold deregistered securities of CMKM Diamonds, Inc. CMKM's registration with the Commission was revoked and the stock delisted on October 28, 2005. According to the complaint, Glisson, a retired auto worker and part-time restaurant worker who used the name “Deli Dog” or “Deli” in Internet chat rooms, identified potential buyers and sellers by frequenting CMKM related internet chat rooms and through referrals from past buyers and sellers. Glisson then negotiated the terms of the transaction and consummated it by exchanging money for the pertinent CMKM stock certificate. Through these practices, Glisson made a market in deregistered CMKM securities at a time when legitimate broker-dealers refused to execute such purchases or sales because of the Commission's deregistration of CMKM."
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Post by siriusnews on Apr 24, 2012 15:26:09 GMT -5
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Post by alrich on Apr 24, 2012 15:56:44 GMT -5
By: king1000/Gus 24 Apr 2012, 12:23 PM CDT Rating: Rate this post: Msg. 1081924 of 1082005 (Reply to 1081401 by king1000) Jump to msg. # Ed this is the truth, and anyone who can't or wont answer these questions promotes the fake ending. And when that is moderators I think that is a problem: By: king1000/Gus 31 Jan 2012, 10:48 AM CST Rating: Msg. 1065455 of 1065872 (Reply to 1065169 by king1000) Jump to msg. # Dear Mr. Kirkpatrick, Mr. Woerner, and Mr. Kotz I represent a group of shareholders who have exercised our rights to inspect the company documents. I am part of a group who assumes that CMKX was a vehicle in a sting operation, at least at a certain point. The operation cleary started when David Liston, Assistant D/A for Manhattan, signed the form 15 to allow CMKX to not report. In a press release while Robert Maheu was co-chairman of CMKX, the company said that it was the SEC who felt it was in the best interest of shareholders to not report. Leslie Hakala was handed clear cut evidence of broker fraud by Bll Frizzell in their 2005 meeting, she either covered up that fraud with Mr. Frizzell to this day or the brokers paid into the trust fund as outlined in Al Hodges bivens case. The company has the records that either prove Mr. Hodges case is a hoax or it is real, they fully support Al Hodges, so shareholders can assume the cert pull proved the exact totals of counterfeit shares sold by each brokers, and they paid into a trust fund to avoid criminal prosecution. If that is not the case, Bill Frizzell has aided the fraud, the company management have been negligent by not doing their fiduciary duty and stopping the fraud when they were made aware of it, the company concealed the fraud by everyone else but corrupt insiders of CMKX, and the company did not force the SEC and DOJ to do their mandated duties and protect the shareholders of CMKX. It is not acceptable for the shareholders to not have one relevant question answered almost six years after the largest cert pull in history proved exactly who committed crimes against the shareholders of CMKX. It is not acceptable for the company to conceal all evidence of the fraud that happened while you do nothing with the evidence you have six years later. It is not acceptable for the company to say Urban Casavant was a mastermind of this fraud and have his accomplice hold our claims we have left. It is not acceptable that no action was taken against the SEC, DOJ, all other brokers who naked shorted CMKX stock, the OIG office of the SEC when they have all breached their mandated duties in this case. It is not unacceptable the shareholders don't know what records Bill Frizzell had in is possession from the SEC while he worked with Urban Casavant. It is unacceptable that easily obtained evidence was not used in your cases against company insiders and Roger Glenn. It is unacceptable that the company is fully aware that the Silver State Bank records were fully known to all CMKX management in early 2005, but they all lied about not being made aware that there was fraud occurring by CMKX management while Roger Glenn, Robert Maheu, Donald Stoecklein, Bill Frizzell all worked and promoted CMKX. It is unacceptable that six hundred billion shares traded after the SEC and DOJ subpoenaed the fraud records which were used in the DOJ's indictments and SEC's civil actions, by law they had the duty to halt CMKX and stop the fraud and protect the investors, they did the opposite while Bill Frizzell worked with them having access to the SEC file and SEC confidential banking records. I could list at least a hundred more examples of how our company has breached their fiduciary duty to the shareholders of CMKX. Cleary the brokers sold hundreds of billions of counterfeit shares of CMKX stock, that is not even in question. Clearly they were identified in the cert pull done by Bill Frizzell, among others. Bill Frizzell, after he had access to the Silver State Bank records, stated the shareholders he worked for were handed a silver platter of the largest proven naked short in history, plus the goods in Saskatchewan. The cert pull he worked on would have proven that statement to be true or false, he never said it was false in June 2006 when the cert pull ended, and if the cert pull proved he was wrong he had the duty to his clients to tell them immediately then. The cert pull proved he was correct, but has been hidden for five and a half years while the company pretended they didn't have those results. Enough is enough Mr. Kirkpatrick. The shareholders have the right to the following questions, which will be sent to the OIG and to William Woerner of the Nevada FBI as well as it is their duty to answer these questions as well. Both have had mountains of evidence entered to them of the fraud that has taken place in CMKX outside the corrupt insiders of of the company. Evidence was entered to the Victims' Rights Office of the DOJ, to the OIG of the SEC, to the Los Angeles DOJ, to our own company. Not one entity, including our company has answered one tough question, as if they did it would prove you all knew of the CMKX sting operation ,or it would prove that you all committed fraud against the shareholders of CMKX, either way you have all breached your legal duty to the shareholders of CMKX. List of question you all refuse to answer, but all have the legal duty to answer: 1. What SEC confidential records did Bill Frizzell and CMKX management possess while working with Urban Casavant and promoting CMKX stock? 2. The DOJ and SEC subpoenaed the fraud records used in their actions in 2004, it was their duty to halt CMKX and protect the investors, so why did they allow the fraud to continue for an extra year? This allowed the insiders to launder their proceeds from their crimes, and allowed a further six hundred billion shares to trade in CMKX with all that proceeds being stolen by brokers on Wall Street. 3. Hundreds of billions of shares were traded by brokers other than NevWest Securities, why were those crimes covered up? Those brokers were warned in early 2005 that they were selling illegal shares, why did the SEC and Bill Frizzell and company management allow six hundred billion shares to trade after the fraud was already detected? Where is that money? 4. What action did Bill Frizzell or any CMKX management take against the DOJ, SEC, or OIG of the SEC for failing to protect the shareholders of CMKX? 5. When Bill Frizzell handed Leslie Hakala the fraud evidence in CMKX she had already subpoenaed the fraud records months before that, and was fully aware of the other brokers selling illegal shares in CMKX, so the cd Bill Frizzell handed here just proved what she already knew. Why did Bill Frizzell and other CMKX management not take action against Leslie Hakala for the fraud she covered up? Why did you not subpoena the phone records between Roger Glenn and leslie Hakala when Andrew Hill claimed they colluded together? Why did not one authority or our company question Mr. Hill? 6. Why is CMKX in a partnership with Urban Casavant's accomplice Emerson Koch, why was no action taken against him. Why was no action taken against CMKX management that allowed six hundred billion shares to trade after they were fully aware of the fraud that happened, the fraud was even in public news stories in Feb 2005? 7. The management of CMKX and Bill Frizzell had access to the SEC file in 2005, was the Silver State Bank fraud records in that file? If not the SEC had the duty to inform CMKX management they knew fraud had taken place in the company for years. Lawyers for defendants in the indictments by the Nevada DOJ have stated that the evidence held at the Foley Building in Nevada contains new evidence, about thirty percent new evidence, why was evidence held back from them when these records were held in Los Angeles? Was the company given access to this new evidence or did they always have access to all of their own company's records? 8. Has the OIG or the DOJ questioned Mr. Hodges? The company had the legal duty to investigate Mr. Hodges claims and subpoena a deposition from him to have him provide the information he has hidden from the company and its shareholders, they didn't. A group of shareholders had to and Mr. Hodges hid from the serving of this subpoena, forcing that group to have to file a complaint against Mr. Hodges with the CA Bar Association. All of these entities breached their legal duties in not demanding to see the evidence Mr. Hodges says he has possession of and breached their legal duty in not forcing Mr. Hodges to give the name of the person who was present when deals were cut with the DOJ and the brokers who committed massive rico fraud in this case. If the authorities did their legal duty the victims would have been compensated years ago. In conclusion, the DOJ, SEC, and our company have had more than enough time to answer all the questions entered to them, and they have colluded to hide the facts in this case. It is clear that is either to hide their own culpability, or to hide the fact this was a sting operation. In either case, all shareholders of CMKX have had their rights violated for years by all. We expect immediate answers to the questions above and are taking legal action to obtain all of this evidence to finally after six years find out the truth. If Mr. Hodges was lying the company and the authorities know, they all have the obligation to stop his case if it is baseless. It has run for two years, with thirty promises that the money held by the authorities so the brokers could hide their rico fraud from the public would finally be released. In a complaint sent to William Woerner of the Nevada FBI shareholders asked Mr. Woerner to corroborate with Mr. Hodges the facts in this case, six months later we have no answers. The OIG clearly is stonewalling the investigation into CMKX and refuse to corroborate Mr. Hodges information. And our company has lied to the shareholders since Bill Frizzell signed non disclosure agreements with these agencies, Robert Maheu, and Urban Casavant in early 2005. There needs to be an independent party step in on behalf of the victims in this case, as they clearly have not had any representation for years. On behalf of all CMKX shareholders who are tired of being lied to, we expect immediate answers to the questions listed above and a resolution to this matter so our rights can finally stop being violated. Thank you, bona fide shareholder of CMKX ragingbull.quote.com/mboard/boards.cgi?board=CMKI&read=1065455 |
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Post by siriusnews on Apr 24, 2012 16:43:44 GMT -5
i like it
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Post by alrich on Apr 24, 2012 23:10:14 GMT -5
::)Reuters) - A federal judge on Tuesday authorized the trustee liquidating MF Global Holdings Inc's (MFGLQ.PK) brokerage unit to distribute as much as $685 million to customers whose accounts had been frozen when the futures brokerage went bankrupt.
The payout authorized by U.S. Bankruptcy Judge Martin Glenn in Manhattan is on top of the more than $4 billion that the trustee James Giddens has already distributed, according to the trustee's spokesman Kent Jarrell.
It includes as much as $600 million to be paid to U.S. exchange customers, up to $50 million for customers who traded on non-U.S. exchanges, and up to $35 million for customers who held physical property such as gold bars.
Jarrell said the payout leaves Giddens about $750 million in reserve to cover potential claims by other parties, including other MF Global affiliates.
It may allow customers who traded on U.S. exchanges to recover more than 80 percent of their account values. It also represents a payback of about 10 percent for customers who traded on foreign exchanges.
Glenn approved the payout on the same day Louis Freeh, the former FBI director and now trustee for MF Global's parent company, told Congressional lawmakers he has no plans to pay bonuses to current or former company employees.
Customers had objected to bonuses in the wake of reports that executives including Chief Operating Officer Bradley Abelow, General Counsel Laurie Ferber and Chief Financial Officer Henri Steenkamp might be eligible for them.
These customers consider it unfair to pay bonuses to people they hold in part responsible for MF Global's sudden collapse.
"I want to make it very clear, it was never my intention to pay any bonuses," Freeh told the Senate Banking Committee. He said he needs to retain 15 employees to help manage the bankruptcy and secure a $22 million tax refund.
Once run by Jon Corzine, the former Goldman Sachs (GS.N) chief and New Jersey governor, MF Global filed for Chapter 11 last October 31 amid a liquidity crunch prompted by worries over its $6.3 billion bet on European sovereign debt.
The collapse has prompted a variety of regulatory and congressional investigations, in part focused on an estimated $1.6 billion of customer money that remains missing.
On Monday, the U.S. Judicial Panel on Multidistrict Litigation consolidated more than 20 lawsuits by MF Global shareholders and customers into a single case in Manhattan federal court.
The panel overruled objections by commodities customers who thought their claims should be handled separately. U.S. District Judge Victor Marrero will oversee the combined litigation.
Separately, the National Futures Association, an independent regulator for the commodities and futures industry, in a letter dated Tuesday offered U.S. Attorney Patrick Fitzgerald in Chicago its assistance in probing any potential criminal conduct surrounding MF Global's collapse.
The cases are In re: MF Global Inc, U.S. Bankruptcy Court, Southern District of New York, No. 11-02790; and In re: MF Global Holdings Ltd., U.S. District Court, Southern District of New York, No. 12-md-02338. The bankruptcy case for MF Global's parent company is In re: MF Global Holdings Ltd et al, U.S. Bankruptcy Court, Southern District of New York, No. 11-15059.
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Post by siriusnews on Apr 28, 2012 10:04:49 GMT -5
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Post by siriusnews on Apr 28, 2012 18:52:00 GMT -5
In the SUPERIOR COURT
Fulton County, Georgia
Case No. 2012CV214140
RASER TECHNOLOGIES, INC BY AND THROUGH HOUSTON PHOENIX GROUP, LLC AS ITS ATTORNEY-IN-FACT; THOMAS COLLENTINE, JR. ; JUDITH COLLENTINE; CHARLES FAIRES; SANDRA FAIRES; STEPHEN E. HART; LORI F. HART; ALAN S. LISENBY; WILLIAM MCALAVANY; JOANNE MCALVANY; EUGENE TIFFIN; TIFFIN, INC. ; ROBERT BAIR; JEFFREY ESFELD; MICHAEL ESFELD; SIGRID ESFELD; JAMES BAKER, JR. ; ROBERT BAKER; RICHARD HASKELL; SUSAN S. HASKELL; WILLIAM BURNSIDE; ROBERT KORNFELD; RICHARD BURHMAN, AS TRUSTEE OF THE CHARITABLE REMAINDER UNITRUST AGREEMENT OF WESLEY W. CASH, SR. ; JANE MAJ; RONALD G. MAY; DONNA CASH, AS EXECUTOR OF THE ESTATE OF DOROTHY CONNELLY; JUDY MUNZI; MARK SANSOM; GARY SCHUSTER; CHESTER SCOTT; JOHN SCOTT; PHILLIPS W. SMITH; KELLY TRIMBLE; OCEAN FUND, LLC; WARNER INVESTMENTS, LLC; MAASSI, INC. ; RONALD WINCHELL, JOAN W. WINCHELL, AS TRUSTEE OF WINCHELL NONEXEMPT TERMINABLE TRUST; DOUG WIVIOTT; AND MARCIA WIVIOTT VS. MORGAN STANLEY & CO., LLC; GOLDMAN, SACHS & CO. LP; MERRILL LYNCH, PIERCE, FENNER & SMITH, INC. ; UBS SECURITIES, LLC; AND [ABC, CORPORATIONS
Filed on 04/20/2012
Case Type: OTHER CIVIL
Judge: Henry M. Newkirk
Current Status: Filed
Defendant
Defendant Attorneys
Morgan Stanley & Co Llc
Goldman Sachs & Co Lp
Merrill Lynch Pierce Fenner & Smith Inc
Ubs Securities Llc
Abc Corporations
Plaintiff
Plaintiff Attorneys
Raser Technologies Inc Dehler, Mark F
201 SWANTON WAY
DECATUR, GA 30030-3271
Collentine Thomas Jr
Collentine, Judith
Faires, Charles
Faires, Sandra
Hart, Stephen E
Hart, Lori F
Lisenby, Alan S
Mcalavany, William
Mcalvany, Joanne
Tiffin, Eugene
Tiffin Inc
Bair, Robert
Esfeld, Jeffrey
Esfeld, Michael
Esfeld, Sigrid
Baker, James Jr
Baker, Robert
Haskell, Richard
Haskell, Susan S
Burnside, William
Kornfeld, Robert
Burhman, Richard
Maj, Jane
May, Ronald G
Cash, Donna
Munzi, Judy
Sansom, Mark
Schuster, Gary
Scott, Chester
Scott, John
Smith, Phillips W
Trimble, Kelly
Ocean Fund Llc
Warner Investments Llc
Maassi Inc
Wiviott, Doug
Wiviott, Marcia
Winchell, Ronald
Winchell, Joan W
Events and Orders of the Court
04/20/2012 Jury Trial Requested
04/20/2012 CASE INITIATION FORM
04/20/2012 PLAINTIFF'S ORIGINAL PETITION
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Post by siriusnews on Apr 29, 2012 8:57:59 GMT -5
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Post by siriusnews on Apr 29, 2012 21:52:15 GMT -5
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Post by alrich on Apr 29, 2012 22:30:03 GMT -5
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Post by alrich on Apr 29, 2012 22:32:03 GMT -5
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Post by siriusnews on May 1, 2012 16:37:21 GMT -5
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Post by siriusnews on May 1, 2012 16:52:44 GMT -5
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Post by siriusnews on May 2, 2012 11:01:51 GMT -5
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Post by siriusnews on May 3, 2012 9:43:49 GMT -5
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Post by siriusnews on May 3, 2012 23:17:46 GMT -5
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Post by alrich on May 7, 2012 20:26:02 GMT -5
Joint Statement on Regulation of OTC Derivatives Markets
FOR IMMEDIATE RELEASE
2012-85
Washington D.C., May 7, 2012 – The Securities and Exchange Commission today released the following joint statement with other regulators:
Leaders and senior representatives from key authorities with responsibility for the regulation of the over-the-counter (OTC) derivatives markets in their respective jurisdictions met on May 1, 2012 in Toronto. The meeting was hosted by the Ontario Securities Commission and its Chair, Mr. Howard I. Wetston, Q.C.
The meeting included representatives from the Australian Securities and Investments Commission; Comissao de Valores Mobiliarios of Brazil; European Commission; European Securities and Markets Authority; Hong Kong Securities and Futures Commission; Japan Financial Services Agency; Ontario Securities Commission; l’Autorité des Marchés Financiers du Québec; Monetary Authority of Singapore; Swiss Financial Market Supervisory Authority; United States Commodity Futures Trading Commission; and United States Securities and Exchange Commission.
The purpose of the meeting was to provide a forum for discussion among key OTC derivatives regulators responsible for introducing rules designed to give effect to implementing new international standards relating to OTC derivatives. This is the second time the authorities met to discuss technical issues relating to their implementation efforts.
At the meeting, the authorities discussed a range of implementation issues, including: pre- and post-trade transparency, margin for uncleared derivatives, coordination of clearing mandates, access to data in trade repositories, and cross border clearing house crisis management. The participants welcomed the opportunity for continued discussion and sharing of information on implementation of OTC derivatives reform, with a view to further align regulatory requirements where possible.
The authorities committed to continue to engage in bilateral discussions as necessary in their efforts to implement new requirements for OTC derivatives.
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Post by alrich on May 7, 2012 21:01:01 GMT -5
Even Short-Sellers Get Screwed These Days By Gary Weiss 03/28/12 - 07:00 AM EDT NEW YORK (TheStreet) -- One of the more curious legal battles under way in Corporate America involves two companies, Goldman Sachs and Overstock.com, which score close to 10 on the Enron-Halliburton Generally Obnoxious Scale. More on GS Goldman Sachs Group Inc (GS): Today's Featured Financial Services Loser DVA's Bring the Bank Earnings NoiseMarket Activity Goldman Sachs Group Inc| GS The suit concerns one of my favorite Wall Street conspiracy theories: that naked short-selling has destroyed untold thousands of innocent, sweet little companies. This suit was filed back in 2007 against a dozen Wall Street prime brokers (now just Goldman and Bank of America's Merrill Lynch subsidiary), and in the past I've viewed it with disgust. I mean, if you're going to sue bankers, how about suing them over something they actually do, and not to shift blame for your share price being in the commode? Well, folks, I'm here to tell you that I've changed my mind. I like this lawsuit, and even though it's been dismissed -- surely no obstacle to continued publicity -- I'd like to see it continue to make waves. The reason is that discovery in the suit is beginning to emerge, and I think we may actually get to the truth behind naked shorting. And from what I've seen, it's not going to make either Goldman or Overstock (or any other naked shorting crybaby) look very good. Mind you, the facts certainly won't put an end to the conspiracy theories that have swirled around naked shorting -- the truth is useless against paranoia -- but perhaps it will have some effect on the regulators who have wasted untold resources dealing with crackpots and charlatans over this issue. What changed my mind was a column by Gretchen Morgenson that appeared Monday in the New York Times, which was swiftly followed by an informative rejoinder by Reuters blogger Felix Salmon later in the day. With all due respect to these two fine journalists, I suggest that both of them are missing the point. I'll be coming to that in a moment. Morgenson's column focuses on a deposition in the case from Marc Cohodes, who was manager of the now-defunct Copper River Partners hedge fund. Copper River, formerly known as Rocker Partners, had been short Overstock shares, and had previously been sued by Overstock for supposed "stock manipulation," in a case that struck me and quite a few other observers as an effort by Overstock's CEO, Patrick Byrne, to intimidate critics of his famously erratic management of the company. What's interesting about his deposition, the full text of which is appended to the online version of Morgenson's column, is that Cohodes was considerably harder on Goldman than he was on Overstock. www.thestreet.com/story/11472600/1/even-short-sellers-get-screwed-these-days.html |
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Post by siriusnews on May 7, 2012 22:08:27 GMT -5
Gary Weis is one of the criminal reporters, one of many that is out there for the bad guys.
Patrick has called him out many times
Richard
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