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To: pcstel who wrote (21235)1/17/2001 3:53:17 PM
From: biostruggle  Respond to of 29987
 
LOL!! Yeah.. There is a whole bunch of posters over on the Yahoo board that are claiming "fraudulent conveyance".. Oh!! I thought I owned LORAL??

Juries have been known to side with the little man even if the facts are against. I can see the tort lawyers warming up in the wings.



To: pcstel who wrote (21235)1/17/2001 4:33:34 PM
From: Rono  Read Replies (2) | Respond to of 29987
 
LOL!! Yeah.. There is a whole bunch of posters over on the Yahoo board that are claiming "fraudulent
conveyance".. Oh!! I thought I owned LORAL??


Hey, you never know, fraudulent conveyance almost worked for Nextwave! Like Geoff said a few posts back, get a friendly judge and who knows? Nextwave almost scammed the tax payers of billions of dollars by claiming ignorance to a sympathetic judge. Fortunately, smarter heads prevailed.

Anyone know why Qualcomm didn't save Nextwave?

Ron



To: pcstel who wrote (21235)1/18/2001 12:55:13 AM
From: Geoff Goodfellow  Read Replies (1) | Respond to of 29987
 
Of course we could also call it.. "I wanted a return better than a Bank CD, but now realize that I really was not prepared to take the risk involved to achieve it!!!" aka "Investor Stupidity".. LOL!!

Have you considered investing in McDonalds coffee spills? No fraudulent conveyance hassles to prove and they seem to have a better ROI than Bank CD's:

McDonald's Sued Over Spilled Coffee
The Associated Press
Tuesday, Jan. 9, 2001; 7:14 p.m. EST

MURPHYSBORO, Ill. –– A southern Illinois woman is suing a McDonald's owner, Wal-Mart, a cup maker and her own mother over spilled coffee she says was too hot.

Teresa Reed claims in the lawsuit against Short Enterprises, owner of the Murphysboro McDonald's, that a cup of coffee she bought at the drive-through window in 1998 spilled and scalded her ankle, allegedly leaving a permanent scar.

Reed said the coffee, which the suit alleged was "served at a temperature too hot for consumption and hot enough to scald the human body," spilled and burned her after she placed it in a cup holder in her mother's car.

The suit, filed last month, seeks $450,000 from Short Enterprises, as well as from cup maker Cobb Manufacturing and Wal-Mart, the manufacturer of the cup holder.

The suit also accuses Reed's mother of negligence, saying Carol Sanders "owed a duty of care for the safety of others riding in her vehicle."

<<snip>>

A jury awarded Stella Liebeck of New Mexico nearly $2.9 million in 1994 after she was burned by spilled McDonald's coffee two years earlier. A judge later reduced the punitive damages to $480,000, and she eventually settled for an undisclosed sum that was under $600,000.


<<snip>>

washingtonpost.com