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Enterprising Investor

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Enterprising Investor

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Re: Enterprising Investor post# 19

Monday, 01/02/2012 9:05:38 PM

Monday, January 02, 2012 9:05:38 PM

Post# of 386
Portions were dismissed.

I call this the "Bad Actors" case.

There were 20 counts in the complaint. The defendants were Larry A. Goldstone, Clarence G. Simmons III, Deborah J. Burns, Amy Pell, SAF Financial, Inc. (“SAF”), Karen A. Dempsey, a partner attorney at the firm of Orrick, Herrington & Sutcliffe, LLP and Orrick.

Count V seeks the removal and return of property or value of property from Goldstone (former CEO, President and Director of TMST) and Simmons (former CFO of TMST) and SAF (the business started up while still employed by TMST).

Count X seeks damages arising from his breach of the standard of care and duties he owed to TMST pursuant in an amount not less than $12,000,000.

It appears the counts related to Dempsey and Orrick remain.

If you aren't an Enterprising Investor, become one—you'll love making money like Benjamin Graham.

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