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09-30-2003, 02:31 PM
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#1
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APBA vs. Offshore LLC Settlement?????
Last Friday, the interm Board of Directors of the APBA approved a settlement agreement between the Friends of the APBA and Offshore LLC that also resolved all disputes between the APBA and the LLC. This settlement agreement had been arrived at by both sides over the past few weeks. The vote by the interim BOD was unanimous to approve, however, Mr. Allweiss was absent from the meeting. Today (Tuesday, 9/30), attorneys for both sides appeared in Court in New York in order to place the settlement on the record. The Attorney for the Respondents (Allweiss, Jones, Jacobsen, et al.) refused to approve the settlement on the record before the Court and made additional outrageous demands never discussed before. BOTTOM LINE: Allweiss & Co., are now unwilling to abide by the settlement agreement struck. Okay, now shut up and race! 14-H.
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09-30-2003, 02:37 PM
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#2
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Platinum Member
 Platinum Member
Join Date: Jul 2001
Location: USA
Posts: 16,392
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Hmmmm so now where will the races be? 
__________________
“It doesn't take a hero to order men into battle. It takes a hero to be one of those men who goes into battle.”
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09-30-2003, 02:49 PM
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#3
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Registered
Join Date: Nov 2002
Location: Fort Lauderdale, Fl
Posts: 537
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Sounds like Mid-east peace talks.
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09-30-2003, 03:04 PM
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#4
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Registered
Join Date: Oct 2000
Location: Lake George, NY it's not called "Queen of American Lakes" for nothin'!
Posts: 5,522
1987 24 Skater Twin 225's
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What happened to the "let's put it all behind us for the good of the sport......?" This is gonna be good. I am just gonna sit back, relax and watch this unfold without commenting if I can bite my lip!   Got my popcorn and my Pepsi ready to go!  |
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09-30-2003, 03:10 PM
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#5
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Member #2 ....Jeeezz
 Charter Member
Join Date: Oct 2000
Location: Kicked to the curb
Posts: 2,343
Toy Boat - Toy Boat - Toy Boat
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Re: APBA vs. Offshore LLC Settlement?????
Quote:
Originally posted by 14-H
..... The vote by the interim BOD was unanimous to approve, however, Mr. Allweiss was absent from the meeting ....... The Attorney for the Respondents (Allweiss, Jones, Jacobsen, et al.) refused to approve the settlement on the record before the Court and made additional outrageous demands never discussed before.
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?????
Looks like someone was trying to pull a fast one |
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09-30-2003, 03:13 PM
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#6
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Registered
Join Date: Feb 2001
Location: Freehold, NJ. USA
Posts: 5,237
Thoroughbred/Velocity 32'
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09-30-2003, 03:17 PM
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#7
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Diamond Member
 VIP Member
Join Date: Dec 2000
Location: Bell Canyon, CA 91307
Posts: 9,102
Formula FastTECH 382 Sunseeker Apache 45
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Re: Re: APBA vs. Offshore LLC Settlement?????
__________________
Nort
 
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09-30-2003, 03:20 PM
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#8
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Registered
Join Date: Nov 2002
Location: Lake Murray, SC
Posts: 5,411
30' Phantom
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14-H
Not exactly an unbiased "perception" of what happened...... I'll wait for more facts before I state a position on this whole mess.
Who's attorney handled preparing the final version of the settlement document?
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09-30-2003, 03:28 PM
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#9
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Registered
Join Date: Oct 2000
Location: Lake George, NY it's not called "Queen of American Lakes" for nothin'!
Posts: 5,522
1987 24 Skater Twin 225's
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Re: 14-H
Quote:
Originally posted by Phantom1
Not exactly an unbiased "perception" of what happened...... I'll wait for more facts before I state a position on this whole mess.
Who's attorney handled preparing the final version of the settlement document?
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Usually documents like that are written by one sides attorney and forwarded to and approved by the opposition prior to court. |
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09-30-2003, 03:39 PM
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#10
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Registered
Join Date: Nov 2002
Location: Lake Murray, SC
Posts: 5,411
30' Phantom
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Just yesterday, I was in the middle of a real estate closing where the closing documents did not coincide with the final agreed upon contract. The attorney reviewed a modified contract, and signed off on it - but it was not the one that was sent to the closing attorney.
Disclaimer - I am not implying that is the case with APBA.
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