Vuletini - Your pain may decrease over time, for now thank you.
Was this the lawyer in Arizona you mentioned earlier? He's only one lawyer, of course. Was the discussion about representing you on a contingency basis or would it have been fee based ? - just curious and you don't have to reply to that if you are feeling too upset, I understand how that could seem for you now.
My own interpretation of fraud in this matter would certainly include how many times during the bankruptcy there were persons involved who had previous ties to AT&T, and that the net effect was that AT&T got the spectrum transferred to themselves in the process after having been a customer who walked away in events that triggered the bankruptcy application in the first place. And how many times in the bankruptcy application did management assert that it would be 'too time consuming and burdensome' to establish the value of the spectrum? Wasn't that tantamount to a fraudulent statement? How many times? And common shareholders were NEVER sent any formal notice, if they found out it was only by luck or by a news story, but they were never sent a written notice or informed of actions to be taken involving harms.
If we ultimately can not prove fraud (not convinced yet that is in fact a closed matter), on the other hand it seems likely a case can be made for unfair business practices under antitrust rules.
Here's a quote from the upcoming FCC spectrum auction announcement:
"84. To the extent the Commission becomes aware of specific allegations that suggest that violations of the federal antitrust laws may have occurred, the Commission may refer such allegations to the United States Department of Justice for investigation.186 If an applicant is found to have violated the
antitrust laws or the Commission’s rules in connection with its participation in the competitive bidding process, it may be subject to a forfeiture and may be prohibited from participating further in Auction 101,Auction 102, and in future auctions, among other sanctions."
That's a warning to all, including AT&T. I'm looking around now for a Notice of Public Rule Making (NPRM) mentioned in the auction release, which would be seeking comments from the public on rules to be established for the 39 GHz spectrum future auction too.
The FCC also did seem to endorse the concept of there being 'vouchers' issued to be used in rebanding spectrum - as was suggested to the FCC by AT&T earlier so that 39 GHz spectrum licenses held could be assigned into larger blocks.
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