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Re: skinluvr post# 3383

Saturday, 10/21/2006 5:55:11 PM

Saturday, October 21, 2006 5:55:11 PM

Post# of 14110
~~ Looks like we are in good hands in regards to enforcement on the shorts:


~~~~ Wachtell, Lipton, Rosen & Katz is a law firm in New York City. It is consistently among the most profitable large law firms in the world on a per-partner basis according to the American Lawyer's annual AmLaw 100 Survey. The firm also ranks at the top of other various surveys, including the Vault.com Associates Survey, and is generally considered one of the most difficult law firms at which to get a job: summer classes at Wachtell number in the low dozens and are almost exclusively composed of the strongest applicants from top law schools such as Yale Law School, Stanford Law School, Harvard Law School, Columbia Law School, University of Chicago Law School, and NYU Law School. Its associates are generally paid substantially more than associates at any other firm in the country. The firm is smaller, and has a lower partner to associate ratio, than many of its peer firms, such as Cravath and Skadden, Arps, Slate, Meagher & Flom.

The firm is known for its skill in mergers and acquisitions. One of the founding partners, Martin ("Marty") Lipton invented the so-called "poison pill defense" during the 1980s to foil hostile takeovers. Working both sides of the mergers and acquisitions game, Wachtell Lipton has represented blue-chip clients such as AT&T, Kraft, and JP Morgan Chase.

The firm is also known for its skill in business litigation. It has handled many of the precedent-setting Delaware corporate governance cases. One of their most recent clients is Larry Silverstein, owner of the two 110-story towers of the World Trade Center. Videos of another one of the founding partners, Herb Wachtell, arguing cases in the courtroom, are shown in law school classes as examples of effective trial advocacy ~~~~

Shareholders Integrity Plan: Phase I

The SIP is the equivalent to the Shareholders Rights Plans as designed by the law firm of Wachtell, Lipton, Rosen & Katz, i.e., the Poison Pill. The Poison Pill has been upheld by the Delaware Courts as a legal method to protect the shareholders interests in the company by the board of directors acting in their business judgment. We feel the SIP will protect our legal shareholders investment in our company as we restructure into a profitable entity.

http://biz.yahoo.com/bw/061020/20061020005421.html?.v=1 <<--- read it if you have not already.

$$$$ SSSU $$$$

~~ You gotta spank that ask ~~




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