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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: Robert K. Sims who wrote (5269)	3/27/1998 8:25:00 AM
From: Rich Dee	Read Replies (3) of 10786

Robert, Speaking of news, did you catch the story in the Observer this morning? Seems that Bob has a day in court. Alydaar lawsuit headed for trial A trial is scheduled next month in a lawsuit alleging that the chief executive of Charlotte-based Alydaar Software misused money 20 investors lent him for a business that failed in 1993. The investors said they gave Robert Gruder a total of $169,500 in exchange for a 9 percent interest in GemTech, the failed Connecticut technology company. They say they are entitled to a similar interest in Alydaar -- more than $27 million at current market values. They allege Gruder used their money to buy another company that eventually became Alydaar. The trial is to begin April 14 at Superior Court in Bridgeport, Conn. In a response filed with the court, Gruder denied all the allegations. And he would say little today. ''We believe we are in the right. Our attorneys say we have meritorious defenses in it,'' he said. Rich P.S. Bridgeport, CT. Jeff, isn't that in your backyard?

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