To: Noneyet who wrote (826 ) 6/23/1999 9:09:00 PM From: Salt'n'Peppa Respond to of 2891
Mr. Thomas DeSousa. Of course this is a non-issue. After reading your post, I learn that Magruder not only breached his employment contract by working for the competition whilst still bound to Franklin by law, but he also lied about his resignation. After reading your post, I learn that Magruder claimed to have a bad back and needed to resign early because he couldn't function properly in his role at Franklin. Upon his resignation, he miraculously recovers and is now fit to assume a similar role with the competition. After reading your post, I learn that Franklin graciously offered to give him 40,000 options, free of charge, and continue paying his salary for a while to tie him over until his aching back got better. After reading your post, I learn that Magruder, once he was in a position of power with the competition, pulls all orders placed by USAT to FCM. It appears to be quite clear why this was done. Here we have a man who has allegedly breached his employment contract and lied to and deceived his former employer. The employer, FCM. appears to have done nothing wrong at all. Admittedly, I know very little about this petty legal squabble, but it sure looks like Magruder hasn't got a leg to stand on. Doesn't that mean that he will be picking up the tab, when he loses? Again, this is a non-issue, as far as my FCM shares are concerned. You asked in a previous post why FCM didn't announce the lawsuit. Why should they? It is not material to the company. It would only become material in the event that they lose the case and have to pay damages, but from what I have read, that sure seems unlikely. You'll have to do better than that. Next please. S&P