Author: teevee --
Date:1999-03-15
09:51:21
Subject: Arre my
premiums paid?
Hi WillP, If this happened
in the US, no doubt some
shareholders would have
immediately filed a
shareholder class action
suite against the directors
and management of Aber
for breach of fiduciary
responsibility with respect
to providing good
husbandry to the
shareholders assets,
holding them liable for
losses of some sort.
Someday Canadian
shareholders will perhaps
hold the officers and
directors of Canadian
companies more
accountable. No doubt we
will hear of a suite filed in
some obscure county in
Texas soon. regards,
teevee
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Reply
Author: DiamondWillie --
Date:1999-03-15
11:00:10
Subject: Aber-a
Cadaber-a
As a loathesome lawyer in
a past incarnation, I
wouldn't put any money on
either Aber or WSP in the
pending litigation.
If I recall correctly, that
genius of stock picking,
Bob Bishop, is 0 for 2 in
his recent attempts to
predict the outcome of
litigation (that little
company in Utah that was
figthing Texaco or some
biggie- BB actually sat in
on final argument in the
Utah Supreme Ct. and
predicted that David
would beat the Goliath-
and was wrong) and the
Placer Dome fight in Latin
America with that well
known junior that
everyone remembers but I
can't think of right now.
Bottom line- it could go
either way, depedning of
the facts, witnesses'
credibility, judge(s), quality
of the lawyers, etc. Don't
think you can say it's going
to be a slam dunk from the
little anyone knows now,
anyway.
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Reply
Author: teevee --
Date:1999-03-15
11:15:46
Subject: aber a cadaver
Diamond willie, There is
always at least one
winner-the lawyers. There
must be an orebody to
fight over. As far as
whether or not Aber or
Winspear will prevail, I am
sure a good lawyer (from
Philidelphia or Texas
perhaps) could convince a
judge and jury that it is
Winspear that is in default
and should be penalised
with appropriate damages
amounting to no less than
forfieture of Snap Lake....
regards, teevee
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