InvestorsHub Logo
Followers 1
Posts 122
Boards Moderated 0
Alias Born 09/23/2001

Re: None

Sunday, 05/21/2006 12:50:36 PM

Sunday, May 21, 2006 12:50:36 PM

Post# of 157299
Frank just one more,
I did find these law suits mentioned in the USXP 10Q

The Company was awarded a $389 million dollar damage verdict by a jury in Dade County, Florida, upon which judgment was entered, against Select Capital, Ronald G. Williams and Walter Kolker. On April 21, 2003, the Company was awarded an additional $137,000,000 judgment upon a verdict after trial by a different jury in Dade County, Florida, against two other parties to this matter, Sheldon Taiger and South Beach Financial. We believe that the judgments, which are non-appealable, are substantially collectable.

On March 2, 2004, the Company brought an action against the SEC in Federal court in Florida on damages from the "naked shorting" of its shares and other matters. Thereafter, on March 23, 2004 the SEC brought an action in federal court in New York against certain officers of the Company. Both suits are pending.


The info was found in the companies
FORM 10-QSB UNIVERSAL EXPRESS, INC.
FOR THE QUARTER ENDED March 31, 2006

page 14

http://stockgroup.brand.edgar-online.com/fetchFilingFrameset.aspx?FilingID=4395737&Type=HTML

Would it make sence for GTE to persue a similar action??

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.