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Article #6024

VOTE NO CALIF 200, 201 AND 202 OR SWINDLERS WIN

#6024
From: stgeorge
Date: Sun, 25 Feb 1996 00:00
157 lines
8281 bytes
"WHAT KIND OF PEOPLE WILL  BENEFIT FROM STOPPING STOCKHOLDER SUITS IN 
CALIFORNIA?"  
 
These are the people behind propositions 200, 201 and 202.  There is more
info at http://www.seamless.com/consumer/alerts.html 
 
This who's who of stockholder fraud would be totally protected by 201 and
202 because our attorneys would be limited to 15% and would have to fight
with both hands tied behind their backs while the lawyers for these folks
could swing with both arms.  201 is a joke because if our
pension/investments are ripped off WE have to post a bond before we can go
after these jerks.   
 
This will have a major impact on environmental litigation. 202 the 15%
attorneys fees will directly impact environmental work.  Propostion 201
which limits shareholders rights will preclude shareholders taking action
against corporate executives and directors who are responsible for
pollution and coverups. 
 
Vote not on 201 and 202. 
 
These are the people who will win in these bizarre initiatives are passed. 
 
GORDON EUBANKS (SYMANTEC)   INSIDERS SOLD $97 MILLION IN STOCK BEFORE STOCK
COLLAPSED FROM $50 TO $7 ; COMPANY REPORTED HUGE LOSSES; OFFICERS INDICTED
FOR STEALING TRADE SECRETS. CLASS ACTION SUITS RECOVERED $19 MILLION FOR
INVESTORS.    
 
ROBERT DRAPER (NATIONAL HEALTH LABS)   INSIDERS SELL MILLIONS IN STOCK;
COMPANY INDICTED FOR CHEATING USA OF MILLIONS; PRESIDENT GOES TO JAIL;
STOCK COLLAPSES - CLASS ACTION SUITS RECOVERED $70 MILLION FOR INVESTORS.  
 
 
JOHN G. ADLER (ADAPTEC)   STOCK COLLAPSED ON BAD NEWS AFTER HE AND OTHER
INSIDERS HAD SOLD MILLIONS OF THEIR STOCK . CLASS ACTION SUIT RECOVERED
MILLIONS FOR INVESTORS.    
 
STEVEN J. WYNER (INSTITUTIONAL TREASURY MANAGEMENT)    ORANGE COUNTY
HIGHROLLER; TOOK MILLIONS FOR SELF AND LIVED IN A HUGE MANSION; BILKED
INVESTORS OUT OF $92 BILLION; CONVICTED FELON; WENT TO JAIL.  
 
MICHAEL MILKEN (DREXEL)    WORST SECURITIES FRAUDSTER IN HISTORY -
CONVICTED FELON - WENT TO JAIL - CLASS ACTION SUITS RECOVERED OVER $1
BILLION FOR VICTIMS.   
 
ALAN SHUGART (SEAGATE TECHNOLOGIES)   SUED FOR SECURITIES FRAUD INVOLVING
INSIDER TRADING; 3 TIMES - POCKETED $20 MILLION FROM HIS STOCK SALES ALONE
- ONE CLASS ACTION SUIT RECOVERED $9 MILLION FOR INVESTORS ANOTHER IS STILL
PENDING - IN HIS 3RD SUIT COURT STATED HIS INSIDER TRADING COULD SHOW
FRAUDULENT INTENT.   
 
CHARLES KEATING (LINCOLN SAVINGS)   ORANGE COUNTY S&L DEFRAUDED THOUSANDS
OUT OF LIFE SAVINGS COST TAXPAYERS $2+ BILLION - CONVICTED FELON - IN JAIL
- CLASS ACTION SUITS RECOVERED $200+ MILLION FOR INVESTORS.  
 
THOMAS WEISEL (MONTGOMERY SECURITIES)   HIS FIRM SUED REPEATEDLY FOR
SECURITIES FRAUD - COURT SAYS EVIDENCE SHOWED HIS FIRM KNEW OF FRAUD IN ONE
CASE - SEVERAL CLASS ACTION SUITS PENDING AGAINST THIS FIRM.  
 
LAWRENCE J. ELLISON (ORACLE SYSTEMS)  STOCK COLLAPSED WHEN ACCOUNTING
IRREGULARITIES EXPOSED FINANCIAL STATEMENTS RESTATED - INSIDERS SOLD $19
MILLION IN STOCK BEFORE COLLAPSED - CLASS ACTION SUITS RECOVERED $20+
MILLION FOR INVESTORS.   
 
JOSEPH B. COSTELLO (CADENCE DESIGN SYSTEMS)   COMPANY SUED TWICE FOR
SECURITIES FRAUD - INSIDERS SOLD $28 MILLION IN STOCK BEFORE COLLAPSE.
CLASS ACTION SUITS RECOVERED $15+ MILLION FOR INVESTORS.  
 
HARRY C. STERN (TECHNICAL EQUITIES)  HUGE FINANCIAL FRAUD INVOLVING PONZI
SCHEME. STERN WENT TO JAIL. THOUSANDS OF CALIF. INVESTORS LOST MILLIONS.
CLASS ACTION SUITS RECOVERED MILLIONS FOR INVESTORS. PAUL JAIN
(MEDIAVISION)   $100 MILLION IN SECURITIES SOLD TO PUBLIC BECAME WORTHLESS-
INSIDERS SOLD $16 MILLION OF THEIR STOCK BEFORE STOCK COLLAPSED FROM $45 TO
$0; TOP OFFICERS THROWN OUT; FINANCIAL STATEMENTS RESTATED; FBI AND GRAND
JURY INVESTIGATIONS - CLASS ACTION SUITS PENDING.  
 
M. SUDIKOFF / E. CHERAMY (IDB COMMUNICATIONS)   INSIDERS AND CONTROLLING
SHAREHOLDERS SOLD $456 MILLION IN STOCK. STOCK COLLAPSED FROM $19 TO $7
WHEN ACCOUNT- ING IRREGULARITIES REVEALED; FINANCIAL STATEMENTS RESTATED;
SEC PROBE; CLASS ACTION SUITS RECOVERED $75 MILLION FOR INVESTORS.  
 
GUY DE VREESE (STYLES-ON-VIDEO)   INSIDERS SOLD $2 MILLION IN STOCK; STOCK
COLLAPSES FROM $18 TO $5; AMEX HALTS TRADING; CEO RESIGNS; FINANCIAL
STATEMENTS TO BE RESTATED. CLASS ACTION SUIT RECOVERED MILLIONS FOR
VICTIMS.  
 
DANIEL DIERDORFF (SUN SAVINGS)   STOLE FROM AND RUINED PUBLIC S&L -
CONVICTED FELON - WENT TO JAIL. CLASS ACTION SUITS RECOVERED MILLIONS FOR
INVESTORS.   
 
THOMAS SPIEGEL (COLUMBIA SAVINGS)   TOOK MILLIONS IN PAY / USED THRIFT
FUNDS TO BUY UZIS AND HIRE ENGLISH BUTLER WHILE DESTROYING COLUMBIA SAVINGS
& LOAN - CLASS ACTION SUITS RECOVERED $69 MILLION FOR INVESTORS.   
 
ROBERT CITRON (ORANGE COUNTY)   WALL STREET BANKERS AND ORANGE COUNTY
TREASURER LOST OVER $2 BILLION IN DERIVATIVE TRADING SCHEME. BONDHOLDERS
LOSE HUNDREDS OF MILLIONS; CLASS ACTION SUITS PENDING.  
 
BARRY MINKOW (ZZZZ BEST)   NOTORIOUS FINANCIAL FRAUD -CHEATED INVESTORS OUT
OF MILLIONS - CONVICTED FELON - WENT TO JAIL - CLASS ACTION FOR INVESTORS
RECOVERED MILLIONS.  
 
BOYD JEFFRIES (JEFFRIES AND CO.)   HELPED CORPORATE RAIDERS PARK STOCK AND
GREENMAIL COMPANIES - CONVICTED FELON - WENT TO JAIL. STOCKHOLDER SUITS
RECOVERED MILLIONS FOR CORPORATE VICTIMS.  
 
GARY NAIMAN (PIONEER MORTGAGE)   SECOND TRUST DEED SCHEME - CALIF.
INVESTORS LOST MILLIONS - WENT TO JAIL FOR FRAUD - CLASS ACTION SUITS
RECOVERED MILLIONS FOR INVESTORS.  
 
RANDY KUHLMANN (AMTEL)   PHONE LEASING SCHEME WHERE CALIF. VICTIMS LOST
MILLIONS - TARGETED IRA ACCOUNTS - BANKRUPTCY COURT HAS ORDERED SPECIAL
INVESTIGATION. CLASS ACTION SUITS PENDING.  
 
GERALD BLACKIE (PLATINUM SOFTWARE)   INSIDERS SOLD $70 MILLION IN STOCK;
BEFORE STOCK COLLAPSED FROM $34 TO $4; TOP EXECUTIVES OUSTED, FINANCIAL
STATEMENTS RESTATED SHOWING LOSSES. CLASS ACTION SUITS RECOVERED MILLIONS
FOR INVESTORS. 
 
PHILIPPE KAHN (BORLAND)   COMPANY AND INSIDERS SOLD $73 MILLION IN STOCK;
STOCK FALLS FROM $86 TO LESS THAN $10. COMPANY REPORTS HUGE LOSSES,
ALLEGATIONS OF MISUSE OF CORPORATE FUNDS. CLASS ACTION SUITS PENDING.   
 
ANTHONY GUMBINER (HALLWOOD GROUP - EQUITEC)   MONTE CARLO BASED FINANCIER
LIVES JET SET LIFE INCLUDING 135 FT. YACHT; CHEATED CALIF. INVESTORS OUT OF
MILLIONS INCLUDING EQUITEC. CLASS ACTION SUITS RECOVERED $50.5 MILLION FOR
INVESTORS.  
 
CHAN DESAIGOUDAR (CAL MICRO DEVICES)   INSIDERS SOLD OVER $1 MILLION IN
STOCK; BEFORE STOCK COLLAPSED FROM $24 TO $4; HUGE FINANCIAL FRAUD EXPOSED;
FINANCIAL STATEMENTS RESTATED TO REPORT HUGE LOSSES; CLASS ACTION SUITS
PENDING.   
 
WILLIAM COOPER (FIRST PENSION)   ORANGE COUNTY PENSION FUND SCANDAL; 9,000
CALIF. INVESTORS LOST MORE THAN $120 MILLION - SEC SUED, FROZE ASSETS -
OFFICERS PLEAD GUILTY TO FRAUD. CLASS ACTION SUITS PENDING.   
 
FRED CARR (EXECUTIVE LIFE)   BOUGHT BILLIONS IN JUNK BONDS FROM DREXEL -
INSURANCE COMPANY COLLAPSED - AND STATE TOOK OVER - CLASS ACTION SUITS
SETTLED FOR $200 MILLION.   
 
YOSSIE HOLLANDER (4TH DIMENSION SOFTWARE)   COMPANY SOLD $31 MILLION IN
STOCK TO PUBLIC. STOCK FALLS FROM $25 TO $4 WHEN IMPROPER ACCOUNTING
PRACTICES REVEALED; FINANCIAL STATEMENTS RESTATED. CLASS ACTION SUITS
RECOVERED MILLIONS FOR VICTIMS.  
 
UMANG GUPTA (GUPTA CORP.)   INSIDERS SOLD $13.5 MILLION IN STOCK; BEFORE
STOCK COLLAPSED FROM $32 TO $12 WHEN BUSINESS REVERSALS REVEALED. FINANCIAL
STATEMENTS RESTATED; CLASS ACTION SUITS PENDING.   
 
J. DAVID DOMINELLI (J. DAVID AND CO.)   MAJOR FINANCIAL FRAUD CHEATED
THOUSANDS OF CALIF. INVESTORS OUT OF MILLIONS - DOMINELLI WENT TO JAIL -
CLASS ACTION SUITS RECOVERED OVER $50 MILLION FOR VICTIMS.  
 
MICHAEL CROW (WILSHIRE TECHNOLOGIES)   INSIDERS SOLD $2.5 MILLION IN STOCK;
BEFORE STOCK COLLAPSED FROM $21 TO $0; COMPANY WENT BANKRUPT; FINANCIAL
STATEMENTS RESTATED TO SHOW HUGE LOSSES. CLASS ACTION SUITS PENDING.  
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From: stgeorge@usa.pipeline.com
Subject: VOTE NO CALIF 200, 201 AND 202 OR SWINDLERS WIN
Date: 1996/02/25
Message-ID: <4gqop1$hcq@news1.usa.pipeline.com>
X-Deja-AN: 141118847
references: <APC&1'0'4f7271ab'22c@igc.apc.org>
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newsgroups: ca.environment