| To: Capitalizer who started this subject | 10/21/2002 1:19:12 PM | | From: mmmary | | | | ex-director gothner sued for fraud
for esafetyworld/laminaire
In December 2001, the Securities and Exchange Commission initiated an investigation of the Company. The investigation closely followed a decision by NASDAQ to de-list the Company's common stock. As of this date, no charges have been brought or threatened by the SEC against the Company or any individual as a result of the investigation.
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On March 7, 2002, Norwood Venture Corp. ("Norwood") commenced an action in the Supreme Court of the State of New York, County of New York, against the Company and various other defendants, including eSAFETYWORLD, Edward A. Heil and K. Ivan F. Gothner. In this action, Norwood, a purported creditor of the now defunct Laininaire has asserted a fraudulent conveyance claim against the Company in connection with the Company's acquisition of certain intangible assets from Laminaire in 1999 (the "1999 transaction"). The complaint also asserts fraudulent conveyance and breach of fiduciary duty claims against Messrs. Heil and Gothner in connection with the 1999 transaction. In addition, the complaint asserts fraudulent misrepresentation and negligent misrepresentation claims against Messrs. Heil and K. Ivan F. Gothner in connection with an alleged February 2000 transaction in which Norwood allegedly gave up a lien on certain Laminaire property in exchange for a lien on Laminaire accounts receivable and inventory and other consideration. However, it does not appear that such claims are asserted against Mr. Heil or Mr. Gothner in their capacity as officers and/or directors of eSAFETYWORLD. After the commencement of this action, the parties entered into negotiations to resolve the dispute. While negotiations have continued, the parties have signed various stipulations extending defendants' time to respond to the complaint. |
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| To: mmmary who wrote (4433) | 1/30/2003 12:29:52 PM | | From: StockDung | | | | From: AXXel Knutson (axxel@blast.net)
Subject: Re: ASTN buyout by NITE rumor circulating.
View: Complete Thread (2 articles)
Original Format
Newsgroups: alt.invest.penny-stocks
Date: 2001-10-31 14:38:37 PST
More likely a buy out by the NY State Attorney General's Office
Scamfactor wrote:
> Anyone have some info? |
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| To: StockDung who wrote (4435) | 1/31/2003 9:27:59 PM | | From: mmmary | | | | That NITE rumor surfaces every year by the touts
they just keep recycling it. Total bull. One, nite has problems of its own. Two, who would want loser astn? |
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| To: mst2000 who wrote (4394) | 5/15/2003 10:28:38 PM | | From: mmmary | | | | Vie Financial Group Announces Cost-Reductions and Names New Chief Operating Officer
Thursday May 15, 6:38 pm ET
PHILADELPHIA--(BUSINESS WIRE)--May 15, 2003--Vie Financial Group, Inc. (OTCBB:VIEF - News) announced today a decline in March and April trading volumes and revenues from the strong growth rates experienced in the first two months of the year. We attributed the decline to overall difficult market conditions and increased competition within our market segment. Although the decline in volume was somewhat mitigated in April by the strongest customer acquisition rates that Vie has experienced to date, the Company has taken immediate steps to further reduce costs and restructure its management team, including:
Operational Cost Reductions: management pay reductions and an employee furlough program that reduced the number of employees in the Company by approximately 30%. This furlough program is expected to be in effect until the end of July, 2003. Furthermore, we are closing our Chicago office and are continuing to reduce our fixed cost structure. We are also pursuing relationships with third party technology providers for order entry, order management and other non-proprietary system components.
Addition of New Chief Operating Officer: the Company announced the hiring of an experienced industry professional and changes in certain management responsibilities. Daniel Nole, formerly Chief Financial Officer and Vice President of Operations at NYFIX Millennium, has joined Vie as Chief Operating Officer with responsibility for all day-to-day operations. Trevor Price, Vie's President, is focusing on strategic product development. |
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| To: StockDung who wrote (4438) | 9/9/2003 10:32:52 AM | | From: peter michaelson | | | | Truth, the use of the word "I" is is very odd language from that link. Just an oddity - wondered if you have seen that before.
On April 29, 2003, after all the Respondents submitted guilty pleas in a parallel criminal proceeding, United States v. Winston, 00 Cr. 1248 (E.D.N.Y. filed Mar. 8, 2001), I lifted a stay that I had imposed on April 12, 2001, at the request of the Division of Enforcement ("Division") and the U.S. Attorney for the Eastern District of New York ("USAO").1 |
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| To: peter michaelson who wrote (4439) | 9/9/2003 1:00:03 PM | | From: Arcane Lore | | | | Truth, the use of the word "I" is is very odd language from that link. Just an oddity - wondered if you have seen that before. ...
While one doesn't see "I" used frequently in summaries of SEC administrative proceedings, that is probably because most of these are either unsigned (often notices that an action has been initiated) or are summaries of commission findings signed on behalf of the commission by Jonathan G. Katz, secretary to the commission. Clearly in the latter case, it would usually be inappropriate for Mr. Katz to use "I".
The summary you cited was an order by an administrative law judge, Brenda P. Murray. Since she was describing an action that she (and she alone) took, use of "I" in this context is appropriate.
Out of curiosity, I reviewed the last three administrative proceedings which were administrative law judges' orders, other than the cited one. In two of the three instances, "I" was used:
"... I find the following allegations in the OIP to be true: ..."
sec.gov
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No occurrence:
sec.gov
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"... I find the following allegations in the OIP to be true: ..."
sec.gov |
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