Lileks: The bureau of corprate allegory

Jun 04, 2011 05:32

Lileks' webstite has a broken link so you can't get past #8 without a . here is #11

http://www.lileks.com/money/bureau/11.html

One of the signers is BERTRAM H. SLATER

http://ca.findacase.com/research/wfrmDocViewer.aspx/xq/fac.19750703_0000027.CCA.htm/qx

"In the case against defendants McDevitt, Glekel and Ross, plaintiffs allege that certain oral misrepresentations were made by said defendants in connection with a corporate reorganization transaction between plaintiffs, who owned all of the outstanding shares of W & J Sloane of Beverly Hills and Angelus Furniture Co. (hereinafter "Sloane") on the one hand and defendants, who were officers or directors of Beck Industries, Inc. (hereinafter "Beck") on the other hand. In various meetings held on October 9, 1968, October 24, 1968, November 5, 1968, and March 12, 1969, defendant McDevitt, acting as principal agent for the other defendants, allegedly made the following oral misrepresentations to induce plaintiffs to sell Sloane to defendants in exchange for Beck securities: "

If you read further the court ruled against the plaintiffs and for Beck. The court was not amused and pretty much called the plaintiffs lazy gits.

If Beck had survived they should have changed the stock logo to a woman clad in leather and a death star.

humor

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