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Non-Tech : Sotheby's (BID) Auction House -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (228)	2/29/2000 6:14:00 PM
From: Justice Reed	Respond to of 236

Current Holders Derivative Suit In late January 2000, it was revealed that Sotheby's Holdings, Inc. was under investigation by the United States Department of Justice for allegedly fixing the price of auction commissions with its competitor, Christie?s International PLC. On February 21, 2000, the company announced the resignation of its chairman, Alfred Taubman, and its president and CEO, Diana Brooks. The company further announced that it is under investigation by British and Australian antitrust authorities. These revelations have resulted in massive class action antitrust and securities lawsuits against the company, and the stock price has dropped dramatically. The antitrust conspiracy is alleged to have commenced as early as 1992. Throughout this period, Sotheby's and its board of directors have been controlled by Mr. Taubman, its majority shareholder. If you are a current holder of BID shares, you may have standing to bring a shareholder derivative action against Mr. Taubman and others to recover damages on behalf of Sotheby's. If you have information which would help us prosecute Mr. Taubman and the other responsible officers and directors, please contact us at mailto:mail@schubert-reed.com. If you want more information about the case against the officers and directors of Sotheby's or shareholder derivative suits, please review our web site at schubert-reed.com.