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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: blankmind who wrote (16329)11/4/1999 9:23:00 PM
From: blankmind  Respond to of 30916
 
i remember this, and nice to idtc go after these people and show they will not tolerate trivial lawsuits, keep in mind nov 10 is shortly upon us:

In January 1997, six former employees alleging employment discrimination
commenced a suit in New Jersey Superior Court, Bergen County. Howard S. Jonas
has also been named as a defendant in the action. The action claims that the
Company has made hiring and promotion decisions based upon the religious
backgrounds of the relevant individuals, in violation of federal and state
law. The complaint seeks compensatory and punitive damages in an unspecified
amount and also seeks statutory multiples of damages. All of the claims
arising under federal law were dismissed by the Court in New Jersey Superior
Court, Bergen County, leaving the plaintiffs with only the remedies available
under state law. Further, the Court granted the Company permission to file
counterclaims against all plaintiffs for the alleged unlawful taking of
business records. The Company filed such counterclaims in October 1998.
Discovery is continuing and a settlement conference has been scheduled for
November 10, 1999.



To: blankmind who wrote (16329)11/4/1999 9:31:00 PM
From: blankmind  Read Replies (1) | Respond to of 30916
 
Internet Access

As of October 20, 1999, the Company offered local dial-up access to
approximately 65,000 retail customers, provided dedicated access to nearly 500
medium and large-sized businesses, and offered Web hosting services to almost
2,000 customers.



To: blankmind who wrote (16329)11/4/1999 9:31:00 PM
From: wl9839  Respond to of 30916
 
Blank,

This is extremely typical for public companies to put this stuff into proxy material-perfectly ok under SEC rules. This info will be compensation, stock options, bios of management and directors and related party transactions. I would not read anything insidious into this-although HG may.

WJ