Article 69002 of comp.sys.amiga.misc: Path: news.CSOS.ORST.EDU!engr.orst.edu!reuter.cse.ogi.edu!uwm.edu!vixen.cso.uiuc.edu!howland.reston.ans.net!gatech!swiss.ans.net!potogold.rmii.com!rainbow!mdaymon From: mdaymon@rmii.com (Maxwell Daymon) Newsgroups: comp.sys.amiga.misc Subject: Re: Letter to Bahamanian judge Date: 6 Feb 1995 05:54:20 GMT Organization: Rocky Mountain Internet Inc Lines: 25 Message-ID: <3h4dic$3vk@potogold.rmii.com> References: <3h0nv7$5ir@dunx1.ocs.drexel.edu> NNTP-Posting-Host: rainbow.rmii.com X-Newsreader: TIN [version 1.2 PL2] Matt Pierce (mpierce@vcd.hp.com) wrote: : : wrote: : :Add to that the fact that this liquidation is a morass of confused law as it is : :(case in point: Ali and Gould's court motion), such an idea would probably only : : complicate things further. : What was Ali and Goulds' court motion? Basically, the lawyers set it up so that they would use the law that protects the creditors most. (US AND Bahamian) Gould and Ali are protesting because under US law, they will have to pay back the millions of $$$'s they took just before the liquidation. Under US law, what they did is illegal (they paid themselves off, and left the rest of the creditors to fight over the remains). Not exactly insider trading, but similar and against the law in a bankruptcy. Under Bahamian law, they (their money) are protected. I see this as a major conflict of interests and they should be excluded on those grounds alone! ------------------ Maxwell Daymon mdaymon@rmii.com ------------------ Article 69027 of comp.sys.amiga.misc: Path: news.CSOS.ORST.EDU!engr.orst.edu!reuter.cse.ogi.edu!uwm.edu!news.alpha.net!news.mathworks.com!uhog.mit.edu!bloom-beacon.mit.edu!gatech!howland.reston.ans.net!pipex!uunet!xnet!quake.xnet.com!bbs!jcompton From: jcompton@bbs.xnet.com (Jason Compton) Message-ID: Newsgroups: comp.sys.amiga.misc Subject: Re: Letter to Bahamanian judge References: <3h0nv7$5ir@dunx1.ocs.drexel.edu> Date: 6 Feb 95 08:15:52 CST Organization: XNet Public Access Internet, Naperville, IL (708-983-6435) Lines: 33 mpierce@vcd.hp.com (Matt Pierce) writes: >Jason Compton (jcompton@bbs.xnet.com) wrote: >: sg93m3tj@dunx1.ocs.drexel.edu (Bradley Ross) writes: >: > > >[stuff deleted] > >:Add to that the fact that this liquidation is a morass of confused law as it is > >:(case in point: Ali and Gould's court motion), such an idea would probably only > >: complicate things further. > >What was Ali and Goulds' court motion? Well, it seems that the US courts, the Bahamanian courts, and the creditors finally came to an agreement on a set of law to use for the liquidation: a hybrid of US and Bahamanian law. The significant portions of US law being brought in are the notorious "auction" which we have yet to see, and the investigation 12 months into company financial history. Bahamanian law only allows 3. Now, who knows what was going on at Commodore in those extra 9 months? Gould and Ali do. Apparently, they don't want the courts to. Jason Compton FAX: 708-491-4064 jcompton@cup.portal.com and @bbs.xnet.com Editor-In-Chief Amiga Report Magazine and Coverdisk Contributing Writer Amiga Game Zone Magazine The time to rise has been engaged. Rael Imperial Aerosol Kid.