DOCSLIB.ORG

Dracena Partners, LLC, Et Al. V. Blue Coat Systems, Inc., Et Al. 05-Cv

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Dracena Partners, LLC, Et Al. V. Blue Coat Systems, Inc., Et Al. 05-Cv 1 Robert S. Green (State Bar No. 136183) GREEN WELLING LLP 2 235 Pine Street, 15th Floor San Francisco, CA 94104 3 Telephone: (415) 477-6700 Facsimile: (415) 477-6710 4 Email: [email protected] 5 [Proposed] Liaison Counsel 6 Stuart L. Berman ([email protected]) Sean M. Handler ([email protected]) 7 Robin Winchester ([email protected]) SCHIFFRIN & BARROWAY, LLP 8 280 King of Prussia Road Radnor, PA 19087 9 Telephone: (610) 667-7706 Facsimile: (610) 667-7056 10 [Proposed] Lead Counsel 11 UNITED STATES DISTRICT COURT 12 NORTHERN DISTRICT OF CALIFORNIA 13 DRACENA PARTNERS, LLC, on behalf of ) Case No. C-05-1468-MHP 14 itself and all others similarly situated, ) ) DECLARATION OF ROBIN 15 Plaintiff, ) WINCHESTER IN SUPPORT OF ) MOTION TO APPOINT THE 16 v. ) ROBERTS GROUP AS LEAD ) PLAINTIFF PURSUANT TO SECTION 17 BRIAN M. NESMITH, ROBERT ) 21D (a)(3)(B) OF THE SECURITIES VERHEECKE, and BLUE COAT SYSTEMS, ) EXCHANGE ACT OF 1934 AND TO 18 INC. ) APPROVE LEAD PLAINTIFF'S ) CHOICE OF COUNSEL 19 Defendants. ) ) Date: July 18, 2005 20 ) Time: 2:00 p.m. ) Dept.: 15 21 ) Judge: Honorable Marilyn Hall Patel 22 23 24 25 26 27 28 DECL. OF R. WINCHESTER ISO MOTION TO APPOINT THE ROBERTS GROUP AS LEAD PLAINTIFF Case No. C-05-1468-MHP EXHIBIT D FIRM BIOGRAPHY Schiffrin & Barroway, LLP, comprised of over forty-five attorneys, has specialized in prosecuting complex class action litigation for nearly twenty years. During this time, S&B has recovered billions of dollars on behalf of our clients and the classes they represent. S&B has developed a nationwide reputation for excellence, focusing primarily on the prosecution of securities fraud, transactional, derivative and ERISA/401K litigation brought against public companies, their officers and directors, and advisors. In addition, S&B has represented millions of consumers in drug litigation, product liability actions, credit card litigation and antitrust actions. Since the passage of the Private Securities Litigation Reform Act of 1995, which specifically encouraged large investors, especially institutional investors, to partici- pate as lead plaintiff in securities class actions, S&B has actively and successfully represented public and Taft-Hartley pension funds, institutional money managers and investment advisors, hedge funds and individual investors from around the world in this important role. 280 King of Prussia Road Radnor, Pennsylvania 19087 610-667-7706 Fax: 610-667-7056 www.sbclasslaw.com ATTORNEY BIOGRAPHIES Richard S. Schiffrin Henry v. Sears, et al., Case No. 98 C 4110 (N.D. Ill. 1999): Schiffrin & Barroway served as Lead Counsel on behalf of the Richard S. Schiffrin, founding largest class of credit card holders in history. At stake was the partner of the firm, is licensed right of Sears and its newly formed affiliate, Sears National to practice law in Illinois and Bank (“SNB”), to retroactively increase the interest rates on Pennsylvania, and has been eleven million credit card accounts with outstanding balances admitted to practice before resulting from purchases made prior to the accounts being numerous United States District transferred to SNB. Schiffrin & Barroway alleged that such Courts. In his seven years of conduct violated the Truth-in-Lending Act, the National practice with the Office of the Banking Act and state consumer fraud statutes. After extensive- Public Defender of Cook County, ly litigating various aspects of liability, an additional nine Illinois, Mr. Schiffrin represented months were then spent determining damages. The extraordi- hundreds of clients in both bench nary complexity of the damage calculations required Mr. and jury trials, as well as appeals. Schiffrin and experts from both parties to develop, test and Mr. Schiffrin has also taught legal writing and appellate utilize a novel computer model to ascertain total damages for advocacy at John Marshall Law School and has served as a the class and individualized damages for each class member. faculty member at numerous legal seminars, including the Ultimately, Mr. Schiffrin and his partner, Mr. Kessler, were able Annual Institute on Securities Regulation, NERA: Finance, to negotiate a $156 million settlement, which represented Law & Economics — Securities Litigation Seminar, the Tulane approximately 66% of total damages. In approving the settle- Corporate Law Institute, and the CityBar Center for CLE ment, District Court Judge Leinenwebber of the Northern (NYC): Ethical Issues in the Practice of Securities Law. District of Illinois stated: Most recently Mr. Schiffrin spoke at the MultiPensions 2004 Conference in Amsterdam, Netherlands. Mr. Schiffrin oversees . I am pleased to approve the settlement. I think it all aspects of litigation on behalf of the firm. Mr. Schiffrin has been recognized for his expertise in numerous cases, including does the best that could be done under the circumstances most prominently: on behalf of the class. The litigation was complex in both liability and damages and required both professional In re AremisSoft Corp. Securities Litigation, skill and standing which class counsel demonstrated in C.A. No. 01-CV-2486 (D.N.J. 2002): abundance. Schiffrin & Barroway is particularly proud of the results recently achieved in this case before the Honorable Joel A. The entire settlement fund of $156 million was distributed Pisano. This case was exceedingly complicated, as it involved without the filing of a single proof of claim form by any the embezzlement of hundreds of millions of dollars by former class member. officers of the Company, who are now fugitives. In settling the action, Schiffrin & Barroway, as sole Lead Counsel, assisted in Wanstrath v. Doctor R. Crants, et al., C.A. No. 99-1719-III reorganizing the Company as a new Company to allow for it (Tenn. Chan. Ct., 20th Judicial District, 1999): to continue operations, while successfully separating out the Schiffrin & Barroway served as Lead Counsel in a derivative securities fraud claims and the bankrupt Company’s claims action filed against the officers and directors of Prison into a litigation trust. The Settlement, which was recently Realty Trust, Inc., challenging the transfer of assets from approved, calls for the class to receive the majority of the equi- the Company to a private entity owned by several of the ty in the new Company, as well as their pro rata share of any Company’s top insiders. Numerous federal securities class amounts recovered by the litigation trust. The Court-appoint- actions were pending against the Company at this time. ed co-trustees, Joseph P. LaSala, Esq. and Fred S. Zeidman, Through the derivative litigation, the Company’s top manage- have retained Schiffrin & Barroway to continue prosecuting ment was ousted, the composition of the Board of Directors the actions on behalf of the litigation trust. In this capacity, was significantly improved and important corporate gover- the firm has filed an action in the Isle of Man, and has success- nance provisions were put in place to prevent future abuse. fully frozen more than $200 million of stolen funds from one Mr. Schiffrin, in addition to achieving these desirable results, of the fugitives, and are in the process of attempting to recover was able to personally effectuate a global settlement of all the money on behalf of the trust. In addition, Schiffrin & pending litigation against the backdrop of an almost certain Barroway is continuing to litigate the trust’s claims against the bankruptcy. The case was resolved in conjunction with the remaining fugitive. federal securities cases for the payment of approximately $50 million by the Company’s insurers and the issuance of over 46 million shares to the class members. 2 Jordan v. State Farm Insurance Company, Case No. 97 CH 11 Andrew L. Barroway (Cir. Ct., McLean County, Ill. 1998): Schiffrin & Barroway brought a claim on behalf of multiple Andrew L. Barroway, managing plaintiffs alleging that State Farm had engaged in fraudulent partner of the firm, received his sales practices by “churning” policies and marketing and selling law degree from the University of “vanishing premium” policies that never “vanished.” After sev- Pennsylvania Law School, where he eral years of discovery, motion practice and settlement negotia- was a member of the ABA Negotia- tions, Mr. Schiffrin played a critical role in resolving the action tion team. He is licensed to practice for $225 million in cash, dividend enhancements and other law in Pennsylvania and New Jersey, monetary benefits for current and former State Farm policy- and has been admitted to practice holders. Schiffrin & Barroway also has achieved substantial before the United States District settlements in 20 additional cases alleging fraudulent sales Court for the Eastern District of practices by various insurance companies. Pennsylvania. Mr. Barroway fre- quently lectures on securities class Mr. Schiffrin has also represented defrauded shareholders and action and lead plaintiff issues and recently spoke at the 2005 companies in complex class and derivative actions, including Institutional Investor Hedge Fund Workshop in New York City the following: and the Public Funds Summit 2005 in Phoenix, Arizona. Mr. Barroway has been actively involved in all aspects of litigation on Huscher v. Curley, et al., No. 00 Civ. 21379 behalf of the firm, and co-manages the firm’s securities depart- (Mich. Cir. Ct., 2000) (In re Sotheby’s Holdings, Inc. ment. Of his numerous successful representations of shareholders, Derivative Litigation): the following stand
Load more

Recommended publications
  • Telecom in the Time of Crash
    INCIDENTAL PAPER Telecom in the Time of Crash Kas Kalba November 2002 Program on Information Resources Policy Center for Information Policy Research Harvard University The Program on Information Resources Policy is jointly sponsored by Harvard University and the Center for Information Policy Research. Chairman Managing Director Anthony G. Oettinger John C. B. LeGates Kas Kalba is President of Kalba International, Inc., a management consulting and research firm. He is writing a book on the telecom crash, from which this paper is derived, and has been a longstanding participant in PIRP activities. Copyright © 2002 by Kas Kalba. Not to be reproduced in any form without written consent from Kas Kalba, Kalba International. Inc., 23 Sandy Pond Road, Lincoln, 01773, USA. +1 (781) 259-9589. E-mail: [email protected] URL: http://www.kalbainternational.com ISBN 1-879716-85-2 I-02-2 November 2002 PROGRAM ON INFORMATION RESOURCES POLICY Harvard University Center for Information Policy Research Affiliates AT&T Corp. Nippon Telegraph & Telephone Corp Australian Telecommunications Users (Japan) Group PDS Consulting BellSouth Corp. PetaData Holdings, Inc. The Boeing Company Samara Associates Booz Allen Hamilton Skadden, Arps, Slate, Meagher & Flom Center for Excellence in Education LLP Commission of the European Sonexis Communities Strategy Assistance Services Critical Path TOR LLC CyraCom International United States Government: Ellacoya Networks, Inc. Department of Commerce Hanaro Telecom Corp. (Korea) National Telecommunications and Hearst Newspapers Information Administration Hitachi Research Institute (Japan) Department of Defense IBM Corp. National Defense University Korea Telecom Department of Health and Human Lee Enterprises, Inc. Services Lexis–Nexis National Library of Medicine John and Mary R.
    [Show full text]
  • Encrypted Traffic Management for Dummies®, Blue Coat Systems Special Edition Published by John Wiley & Sons, Inc
    These materials are © 2015 John Wiley & Sons, Inc. Any dissemination, distribution, or unauthorized use is strictly prohibited. Encrypted Traffic Management Blue Coat Systems Special Edition by Steve Piper, CISSP These materials are © 2015 John Wiley & Sons, Inc. Any dissemination, distribution, or unauthorized use is strictly prohibited. Encrypted Traffic Management For Dummies®, Blue Coat Systems Special Edition Published by John Wiley & Sons, Inc. 111 River St. Hoboken, NJ 07030‐5774 www.wiley.com Copyright © 2015 by John Wiley & Sons, Inc., Hoboken, New Jersey No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748‐6011, fax (201) 748‐6008, or online at http://www.wiley.com/go/permissions. Trademarks: Wiley, For Dummies, the Dummies Man logo, The Dummies Way, Dummies.com, Making Everything Easier, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates in the United States and other countries, and may not be used without written permission. Blue Coat Systems and the Blue Coat logo are trademarks or registered trade- marks of Blue Coat Systems, Inc. All other trademarks are the property of their respective owners. John Wiley & Sons, Inc., is not associated with any product or vendor mentioned in this book.
    [Show full text]
  • WHITE PAPER Encrypted Traffic Management January 2016
    FRAUNHOFER INSTITUTE FOR COMMUNICATION, INFORMATION PROCESSIN G AND ERGONOMICS FKI E WHITE PAPER ENCRYPTED TRAFFIC MANAGEMENT WHITE PAPER Encrypted Traffic Management January 2016 Raphael Ernst Martin Lambertz Fraunhofer Institute for Communication, Information Processing and Ergonomics FKIE in Wachtberg and Bonn. Project number: 108146 Project partner: Blue Coat Systems Inc. Fraunhofer FKIE White paper Encrypted Traffic Management 3 | 33 Contents 1 Introduction .......................................................................................... 5 2 The spread of SSL ................................................................................. 6 3 Safety issues in previous versions of SSL ............................................... 8 4 Malware and SSL ................................................................................... 9 5 Encrypted Traffic Management .............................................................. 11 5.1 Privacy ...................................................................................................................... 12 5.1.1 Requirements ............................................................................................................ 12 5.2 Compatibility ............................................................................................................ 12 5.2.1 Requirements ............................................................................................................ 12 5.3 Performance ............................................................................................................
    [Show full text]
  • Worldcom1 Ethics Case Study
    fWorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of Massachusetts- Boston) An update for this case is available. 2002 saw an unprecedented number of corporate scandals: Enron, Tyco, Global Crossing. In many ways, WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed. But none of these other companies had senior executives as colorful and likable as Bernie Ebbers. A Canadian by birth, the 6 foot, 3 inch former basketball coach and Sunday School teacher emerged from the collapse of WorldCom not only broke but with a personal net worth as a negative nine-digit number.2 No palace in a gated community, no stable of racehorses or multi-million dollar yacht to show for the telecommunications giant he created. Only debts and red ink--results some consider inevitable given his unflagging enthusiasm and entrepreneurial flair. There is no question that he did some pretty bad stuff, but he really wasn't like the corporate villains of his day: Andy Fastow of Enron, Dennis Koslowski of Tyco, or Gary Winnick of Global Crossing.3 Personally, Bernie is a hard guy not to like. In 1998 when Bernie was in the midst of acquiring the telecommunications firm MCI, Reverend Jesse Jackson, speaking at an all-black college near WorldCom's Mississippi headquarters, asked how Ebbers could afford $35 billion for MCI but hadn't donated funds to local black students. Businessman LeRoy Walker Jr., was in the audience at Jackson's speech, and afterwards set him straight. Ebbers had given over $1 million plus loads of information technology to that black college.
    [Show full text]
  • Recording Everything: Digital Storage As an Enabler of Authoritarian Governments
    December 14, 2011 Wire Design - Collage of city pedestrians and surveillance cameras. Recording Everything: Digital Storage as an Enabler of Authoritarian Governments John Villasenor EXECUTIVE SUMMARY ithin the next few years an important threshold will be crossed: For the first time ever, it will become technologically and financially feasible for W authoritarian governments to record nearly everything that is said or done within their borders – every phone conversation, electronic message, social media interaction, the movements of nearly every person and vehicle, and video from every street corner. Governments with a history of using all of the tools at their disposal to track and monitor their citizens will undoubtedly make full use of this capability once it becomes available. The Arab Spring of 2011, which saw regimes toppled by protesters organized via Twitter and Facebook, was heralded in much of the world as signifying a new era in which information technology alters the balance of power in favor of the repressed. However, within the world’s many remaining authoritarian regimes it John Villasenor is a was undoubtedly viewed very differently. For those governments, the Arab Spring nonresident senior likely underscored the perils of failing to exercise sufficient control of digital fellow in Governance communications and highlighted the need to redouble their efforts to increase the Studies and in the Center for Technology monitoring of their citizenry. Innovation at Technology trends are making such monitoring easier to perform. While the Brookings. He is also domestic surveillance programs of countries including Syria, Iran, China, Burma, professor of electrical engineering at the and Libya under Gadhafi have been extensively reported, the evolving role of University of California, digital storage in facilitating truly pervasive surveillance is less widely recognized.
    [Show full text]
  • In Re: Global Crossing, Ltd. Securities Litigation 02-CV-00910-Notice Of
    UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ________________________________________________ x IN RE GLOBAL CROSSING, LTD. : Case No. 02 Civ. 910 (GEL) SECURITIES LITIGATION : ________________________________________________ x NOTICE OF PROPOSED CLASS ACTION PARTIAL SETTLEMENT, MOTION FOR ATTORNEYS' FEES AND FAIRNESS HEARING IN CONNECTION WITH THE ANDERSEN SETTLEMENT If You Bought or Exchanged Global Crossing Ltd. Securities or Asia Global Crossing Ltd. Securities between February 1, 1999 and December 8, 2003, you might be a member of the class in this action entitling you to receive relief in connection with a partial settlement of the action. A federal court authorized this Notice. This is not a solicitation from a lawyer. ■ On July 7, 2005, a settlement between the plaintiffs and Arthur Andersen LLP (the “Settlement”) was preliminarily approved by the Court in the action captioned above. The Settlement partially resolves a lawsuit over whether the prices of common stock, convertible preferred stock and bonds of Global Crossing and Asia Global Crossing were artificially inflated as a result of alleged fraudulent misrepresentations and non-disclosures and violations of federal securities laws. ■ The Settlement provides for a Settlement Fund of approximately $25 million, less fees and costs. The amount to be distributed among the class members will be divided between Global Crossing and Asia Global Crossing securities purchasers, with Global Crossing securities purchasers getting 92% of the amount and Asia Global Crossing securities purchasers getting the remaining 8%. ■ As explained below, this is the third partial settlement in this lawsuit. If you qualify and have not filed a claim in either of the prior settlements and would like to submit one, you may do so.
    [Show full text]
  • Certificate of Service
    CERTIFICATE OF SERVICE I, Charlotte R. Graham, hereby certify that the persons on the attached list were served copies ofthe Public Notice ofNetwork Change Under Rule 51.329(a) filed on the 26th day of July, 2002, with the Secretary, Federal Communications Commission. Such notification was provided via U.S. First Class Mail, postage prepaid, or by electronic transmission at least five business days in advance of filing with the Commission. ~Q.~ Charlotte R. Graham _ ..__._-------------------------------------- 1-800-Reconex 1-800-Reconex 1-800-Reconex Bill Braun Jennifer Loewen Dale Merten 2500 Industrial Ave. 2500 Industrial Avenue 2500 Industrial Avenue Hubbard, OR 97032 Hubbard, OR 97032 Hubbard, OR 97032 1-800-Reconex 2-Infinity Access America Jennifer Sikes Lex Long Dan Barnett 2500 Industrial Ave 4828 Loop Central Dr. 315 W. Oakland Ave. Hubbard, OR 97032 Ste. 100 Johnson City, TN 37601 Houston, TX 77081 Access America Access Long Distance Access Long Distance Jack Coker Tammy Hampton Christina Moody 138 Fairbanks Plaza 215 S. State Street 3753 Howard Hughes Pkwy Oakridge, TN 37830 Salt Lake City, UT 84111 Suite 131 Las Vegas, NV 89109 Access One (The Other Phone Company) ACN Communications ACT (Alternate Communications Kevin Griffo S. Meyer Technology) 3427 NW. 55th 32991 Hamilton Benjamin Bickham Ft. Lauderdale, FL 33309 Farmington Hills, MI 48334 6253 W. 800 N. Fountaintown, IN 46130 Adams Communications Adelphia Business Solutions Adelphia Business Solutions Jimmy Adams Rebecca Baldwin Stacey Chick P.O. Box 487 1221 Lamar Street 121 Champion Way Marianna, FL 324470487 Ste. 1175 Canonsburg, PA 15317 Houston, TX 770I0 Adelphia Business Solutions Adelphia Business Solutions Adelphia Business Solutions Rod Fletcher Richard Kindred Janet Livengood 121 Champion Way 500 Atrium Drive 3000 K St., NW.
    [Show full text]
  • Insight MFR By
    Manufacturers, Publishers and Suppliers by Product Category 11/6/2017 10/100 Hubs & Switches ASCEND COMMUNICATIONS CIS SECURE COMPUTING INC DIGIUM GEAR HEAD 1 TRIPPLITE ASUS Cisco Press D‐LINK SYSTEMS GEFEN 1VISION SOFTWARE ATEN TECHNOLOGY CISCO SYSTEMS DUALCOMM TECHNOLOGY, INC. GEIST 3COM ATLAS SOUND CLEAR CUBE DYCONN GEOVISION INC. 4XEM CORP. ATLONA CLEARSOUNDS DYNEX PRODUCTS GIGAFAST 8E6 TECHNOLOGIES ATTO TECHNOLOGY CNET TECHNOLOGY EATON GIGAMON SYSTEMS LLC AAXEON TECHNOLOGIES LLC. AUDIOCODES, INC. CODE GREEN NETWORKS E‐CORPORATEGIFTS.COM, INC. GLOBAL MARKETING ACCELL AUDIOVOX CODI INC EDGECORE GOLDENRAM ACCELLION AVAYA COMMAND COMMUNICATIONS EDITSHARE LLC GREAT BAY SOFTWARE INC. ACER AMERICA AVENVIEW CORP COMMUNICATION DEVICES INC. EMC GRIFFIN TECHNOLOGY ACTI CORPORATION AVOCENT COMNET ENDACE USA H3C Technology ADAPTEC AVOCENT‐EMERSON COMPELLENT ENGENIUS HALL RESEARCH ADC KENTROX AVTECH CORPORATION COMPREHENSIVE CABLE ENTERASYS NETWORKS HAVIS SHIELD ADC TELECOMMUNICATIONS AXIOM MEMORY COMPU‐CALL, INC EPIPHAN SYSTEMS HAWKING TECHNOLOGY ADDERTECHNOLOGY AXIS COMMUNICATIONS COMPUTER LAB EQUINOX SYSTEMS HERITAGE TRAVELWARE ADD‐ON COMPUTER PERIPHERALS AZIO CORPORATION COMPUTERLINKS ETHERNET DIRECT HEWLETT PACKARD ENTERPRISE ADDON STORE B & B ELECTRONICS COMTROL ETHERWAN HIKVISION DIGITAL TECHNOLOGY CO. LT ADESSO BELDEN CONNECTGEAR EVANS CONSOLES HITACHI ADTRAN BELKIN COMPONENTS CONNECTPRO EVGA.COM HITACHI DATA SYSTEMS ADVANTECH AUTOMATION CORP. BIDUL & CO CONSTANT TECHNOLOGIES INC Exablaze HOO TOO INC AEROHIVE NETWORKS BLACK BOX COOL GEAR EXACQ TECHNOLOGIES INC HP AJA VIDEO SYSTEMS BLACKMAGIC DESIGN USA CP TECHNOLOGIES EXFO INC HP INC ALCATEL BLADE NETWORK TECHNOLOGIES CPS EXTREME NETWORKS HUAWEI ALCATEL LUCENT BLONDER TONGUE LABORATORIES CREATIVE LABS EXTRON HUAWEI SYMANTEC TECHNOLOGIES ALLIED TELESIS BLUE COAT SYSTEMS CRESTRON ELECTRONICS F5 NETWORKS IBM ALLOY COMPUTER PRODUCTS LLC BOSCH SECURITY CTC UNION TECHNOLOGIES CO FELLOWES ICOMTECH INC ALTINEX, INC.
    [Show full text]
  • Matching Gift Programs
    Plexus Technology Group,$50 SPX Corp,d,$100 TPG Capital,$100 U.S. Venture,$25 Maximize the Impact of Your Gift Plum Creek Timber Co Inc.,$25 SPX FLOW,d,$100 TSI Solutions,$25 U.S.A. Motor Lines,$1 Pohlad Family Fdn,$25 SSL Space Systems/Loral,$100 Tableau Software,$25 UBM Point72 Asset Mgt, L.P. STARR Companies,$100 Taconic Fdn, Inc.,$25 UBS Investment Bank/Global Asset Mgt,$50 Polk Brothers Fdn Sabre Holdings Campaign (October 2017),$1 Taft Communications,$1 Umpqua Bank,$1 Polycom Inc.,$20 Safety INS Group, Inc.,$250 Takeda Pharma NA,$25 Unilever North America (HQ),s,d Portfolio Recovery Associates,$25 Sage Publications, Inc.,$25 Talent Music,$5 Union Pacific Corp MoneyPLUS,d Match Your Gift PotashCorp,d,$25 Salesforce.com,$50 Tallan Union Pacific Corp TimePLUS,$25 Potenza,$50 Sallie Mae Dollars for Doers,d Talyst,$25 United States Cellular Corp,$25 when you donate to Power Integrations,$25 Saltchuk,$25 Tampa Bay Times Fund,r,$25 United Technologies Corp - UTC,d,$25 Praxair,d,$25 Samaxx,$5 TargetCW,$1 UnitedHealth Group Precor,$25 Samuel Roberts Noble Fdn Inc.,d,$100 Teagle Fdn, Inc.,d UnitedHealth Group (Volunteer) Preferred Personnel Solutions SanMar Technology Sciences Group,$10 Universal Leaf Tobacco Corp,$25 Preformed Line Products Co,r,d,$25 Sandmeyer Steel Co,r,$50 Teichert, Inc. Unum Corp,2:1,d,$50 Premier, Inc.,$50 Sanofi,$50 Teknicks,$1 Premier, Inc. Volunteer,$25 Schneider Electric Co (Cash & Volunteer),d,$25 Tektronix, Inc.,d,$20 Principal Financial Group,r,$50 Scripps Networks Interactive,r,$25 Teleflex,r,d,$50 V/W/X/Y/Z VISA Intl ProLogis,d,$50 Scripps Networks Volunteer,d,$250 Teradata Campaign (October),$25 VMware Inc.,$31 ProQuest LLC,$25 Securian Financial Group,r,d,$35 Terex Corp,$50 Vanderbilt Ventures, Inc.
    [Show full text]
  • The End of Bankruptcy
    University of Chicago Law School Chicago Unbound Coase-Sandor Working Paper Series in Law and Coase-Sandor Institute for Law and Economics Economics 2002 The ndE of Bankruptcy Robert K. Rasmussen Douglas G. Baird Follow this and additional works at: https://chicagounbound.uchicago.edu/law_and_economics Part of the Law Commons Recommended Citation Robert K. Rasmussen & Douglas G. Baird, "The ndE of Bankruptcy" (John M. Olin Program in Law and Economics Working Paper No. 173, 2002). This Working Paper is brought to you for free and open access by the Coase-Sandor Institute for Law and Economics at Chicago Unbound. It has been accepted for inclusion in Coase-Sandor Working Paper Series in Law and Economics by an authorized administrator of Chicago Unbound. For more information, please contact [email protected]. CHICAGO JOHN M. OLIN LAW & ECONOMICS WORKING PAPER NO. 173 (2D SERIES) The End of Bankruptcy Douglas G. Baird and Robert K. Rasmussen THE LAW SCHOOL THE UNIVERSITY OF CHICAGO This paper can be downloaded without charge at: The Chicago Working Paper Series Index: http://www.law.uchicago.edu/Lawecon/index.html The Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract_id=359241 The End of Bankruptcy Douglas G. Baird* & Robert K. Rasmussen** ABSTRACT The law of corporate reorganizations is conventionally justified as a way to preserve a firm’s going-concern value: Specialized assets in a particular firm are worth more together in that firm than anywhere else. This paper shows that this notion is mistaken. Its flaw is that it lacks a well- developed understanding of the nature of a firm.
    [Show full text]
  • Worldcom's Bankruptcy Crisis
    Center for Ethical Organizational Cultures Auburn University http://harbert.auburn.edu WorldCom’s Bankruptcy Crisis INTRODUCTION The story of WorldCom began in 1983 when businessmen Murray Waldron and William Rector sketched out a plan to create a long-distance telephone service provider on a napkin in a coffee shop in Hattiesburg, Miss. Their new company, Long Distance Discount Service (LDDS), began operating as a long distance reseller in 1984. Early investor Bernard Ebbers was named CEO the following year. Through acquisitions and mergers, LDDS grew quickly over the next 15 years. The company changed its name to WorldCom, achieved a worldwide presence, acquired telecommunications giant MCI, and eventually expanded beyond long distance service to offer the whole range of telecommunications services. WorldCom became the second-largest long-distance telephone company in America, and the firm seemed poised to become one of the largest telecommunications corporations in the world. Instead, it became the largest bankruptcy filing in U.S. history at the time and another name on a long list of those disgraced by the accounting scandals of the early 21st century. ACCOUNTING FRAUD AND ITS CONSEQUENCES Unfortunately for thousands of employees and shareholders, WorldCom used questionable accounting practices and improperly recorded $3.8 billion in capital expenditures, which boosted cash flows and profit over all four quarters in 2001 as well as the first quarter of 2002. This disguised the firm’s actual net losses for the five quarters because capital expenditures can be deducted over a longer period of time, whereas expenses must be subtracted from revenue immediately. WorldCom also spread out expenses by reducing the book value of assets from acquired companies and simultaneously increasing the value of goodwill.
    [Show full text]
  • Merrill Lynch Security Risk Evaluation 1-07
    Security Risk Evaluation ALPHA January 2007 Price As of December 2006 Month End COPYRIGHT 1998 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (MLPF&S). APPROVED FOR PUBLICATION IN THE UNITED KINGDOM BY MERRILL LYNCH, PIERCE, FENNER & SMITH LIMITED, AN AFFILIATED COMPANY AND REGULATED BY THE SECURITIES AND FUTURES AUTHORITY LIMITED. THE INFORMATION HEREIN WAS OBTAINED FROM VARIOUS SOURCES; WE DO NOT GUARANTEE ITS ACCURACY. ADDITIONAL INFORMATION AVAILABLE. GLOBAL SECURITIES RESEARCH & ECONOMICS RESEARCH TECHNOLOGY ALPHA (1) 800 255-9107 CONTINENTAL UNITED STATES January 2007 (1) 212 449-1072 WORLD WIDE PRICE AS OF December 2006 MONTH END Merrill Lynch, Pierce, Fenner & Smith, Inc. Market Sensitivity Statistics 2006/ 12 Resid Number Ticker Close Std --Std Error-- Adjusted Of Symbol Security Name Price Beta Alpha R-Sqr Dev-n Beta Alpha Beta Observ DOWI DOW JONES & CO 30 INDUSTRIALS 12463.150 0.96 0.03 0.91 1.09 0.04 0.14 0.98 60 DJ 20 DOW JONES & CO 20 TRANS ACTUAL 4560.200 0.94 0.65 0.42 3.86 0.14 0.50 0.96 60 DJ 15 DOW JONES & CO 15 UTIL ACTUAL 456.770 0.57 0.60 0.19 4.12 0.15 0.54 0.72 60 DJ 65 DOW JONES & CO 65 STOCK COMPOSITE 4120.960 0.89 0.28 0.86 1.29 0.05 0.17 0.93 60 SPALNS S&P 500 500 STOCKS 1418.300 1.00 0.00 1.00 0.00 0.00 0.00 1.00 60 Based on S&P 500 Index Using Straight Regression Merrill Lynch, Pierce, Fenner & Smith, Inc.
    [Show full text]