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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Mannie who wrote (3699)8/1/2002 3:53:30 PM
From: Jim Willie CB  Read Replies (3) | Respond to of 89467
 
classaction lawsuit versus Citigroup (over Enron disclosure)

Kaplan Fox Seeks To Recover Losses For Investors Who Purchased Citigroup, Inc. Common Stock

NEW YORK, NY--(INTERNET WIRE)--Aug 1, 2002 -- Kaplan Fox (kaplanfox.com) has filed a class action suit against Citigroup, Inc. ("Citigroup") and its Chairman and CEO, Sanford I. Weill, (NYSE:C - news), in the United States District Court for the Southern District of New York. This suit is brought on behalf of all persons or entities who purchased or otherwise acquired Citigroup common stock between July 24, 1999 and July 23, 2002, inclusive (the "Class Period").

The complaint alleges that Citigroup and Sanford I. Weill violated the federal securities laws. Specifically, the complaint alleges, that during the Class Period defendants failed to disclose material facts concerning Citigroup's relationship with Enron Corp. ("Enron"). Citigroup never disclosed that it was structuring financing deals for Enron so that Enron could falsify its financial statements and defraud its investors. After Enron's collapse, Citigroup continued to misrepresent its potential Enron-related exposure by failing to disclose the true extent of its potential legal liability arising out of its finance transactions with Enron.

As a result of defendants' failure to disclose the true nature of Citigroup's relationship with Enron, Citigroup's stock price was artificially inflated during the Class Period trading as high as $57. Upon news that the Senate Committee found evidence that Citigroup was involved in Enron's collapse, the stock fell to $27 on trading of 121 million shares.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey, has many years of experience prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com



To: Mannie who wrote (3699)8/1/2002 4:05:44 PM
From: stockman_scott  Respond to of 89467
 
4 House Democrats Want Answers from Bush, Cheney, and Tom White...

Reps. John Conyers (D-MI), Jerrold Nadler (D-NY), Maxine Waters (D-CA), and Melvin L. Watt (D-NC) sent a letter to Bush with 9 pages documenting scandals involving Bush/Harken, Cheney/Halliburton, and White/Enron. "It is now well recognized that the lack of credibility of this Administration caused by these unanswered allegations has seriously hampered your ability to calm recent market upheavals. Indeed, much of the malaise in the economy has been attributed to suspicion among American investors that, like the CEOs of Enron and WorldCom, you and other officials in your Administration fell far short of the highest ethical standards and may have violated criminal laws in your business dealings. There is only one way to put these suspicions behinds us: full disclosure." The letter is great - so where are all of the other Democrats?

house.gov



To: Mannie who wrote (3699)8/1/2002 10:35:51 PM
From: stockman_scott  Read Replies (1) | Respond to of 89467
 
IRAQ WMD INSPECTOR RITTER SPEAKS OUT: WAR IS A CYNICAL POLITICAL PLAY

Scott Ritter, card-carrying Republican, GWB voter and high IQ weapons inspector was denied the opportunity to appear before Sleazy Senator Biden's sham hearings on Iraq -- because Ritter may be telling the truth.

Listen on the Web:

cspan.org

Thursday, August 01, 2002
Scott Ritter, Former United Nations Weapons Inspector 1991-1998 Watch

A discussion on Iraq's weapons of mass destruction.
Length: 40 min.

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More Ritter:

CNN's Crossfire Interview:

cnn.com

[Ritter interview starts about 1/5 down the page.]

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Ritter interview:

truthout.org

<Quote>
"This is not about the security of the United States," said this card-carrying Republican while pounding the lectern. "This is about domestic American politics. The national security of the United States of America has been hijacked by a handful of neo-conservatives who are using their position of authority to pursue their own ideologically-driven political ambitions. The day we go to war for that reason is the day we have failed collectively as a nation."