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To: StockDung who wrote (416)1/17/2001 5:10:08 PM
From: blebovits  Read Replies (1) of 447
 
Rubner: Alfred Akirov quarrelsome individual of long standing

Yitzhak Danon
14.01.2001 15:57

”The prospect of making a fat profit in a short time tempted Akirov and the claimant, in view of the possibility of improving the economic situation of the claimant or the Alrov group, which had run into problems,” Net2Wireless chairman David Rubner and Net2Wireless claim in their statement of defense, responding to the statement of claim made by Alrov Real Estate and Hotels, which is controlled by Alfred Akirov.

The statement of defense added, “The investment agreement included many warnings. Now that the claimant and Akirov have found out that their hope of a speedy exit involving a fat profit has been frustrated, they are trying to jump off the bandwagon on dishonest pretexts, instead of courageously coping with the consequences of their decision to make a risk-intensive investment.”

The claimants are asking the court to order Rubner and Net2Wireless to reimburse its $5 million investment in Net2Wireless, on the grounds of false presentation.

Published by Israel's Business Arena on 14 January, 2001

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