APBA vs. Offshore LLC Settlement?????
09-30-2003, 02:31 PM
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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, 03:04 PM
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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!
Got my popcorn and my Pepsi ready to go!
09-30-2003, 03:10 PM
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Re: APBA vs. Offshore LLC Settlement?????
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.
..... 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.
Looks like someone was trying to pull a fast one
09-30-2003, 03:17 PM
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Re: Re: APBA vs. Offshore LLC Settlement?????
Originally posted by cigarette1
?????
Looks like someone was trying to pull a fast one
?????
Looks like someone was trying to pull a fast one
09-30-2003, 03:20 PM
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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?
Who's attorney handled preparing the final version of the settlement document?
09-30-2003, 03:28 PM
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Re: 14-H
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?
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?
09-30-2003, 03:39 PM
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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.
Disclaimer - I am not implying that is the case with APBA.
