Wrongful Discharge & Shareholder Oppression Case Settles For 2.7M

$2.7M Settlement for Wrongful Discharge, and Shareholder Oppression Employment Severed, Bonuses Paid To Other Co. Members From the November 12, 2001 Michigan Lawyers Weekly. Prior to September 1999, the plaintiff owned 25 percent of the stock of Causley Pontiac-GMC, and was also employed there. In September 1999, his employment with the company was severed. Thereafter, the company refused to pay...

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Lason Sells U.K. Subsidiary, Loses Bid to Dismiss Suit

LASON SELLS U.K. SUBSIDIARY, LOSES BID TO DISMISS SUIT By Brent Snavely Crainsdetroit.com May 21, 2001 Lason Inc. (OTC: LSONE) on Friday said it has completed the sale of its United Kingdom subsidiary to Amsterdam, Netherlands-based TNT Post Group NV. Terms of the sale were not released. In December, Lason said that subsidiary was generating about $48 million in...

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In re Lason, Inc. Securities Litigation143 F.Supp.2d 855 (E.D. Mich. 2001)

43 F.Supp.2d 855143 F.Supp.2d 855, Fed. Sec. L. Rep. P 91,454 (Cite as: 143 F.Supp.2d 855) United States District Court,E.D. Michigan,Southern Division. IN RE LASON, INC. SECURITIES LITIGATION, No. 99-76079. May 10, 2001. Shareholders brought securities fraud class action against corporation, its officers, and its underwriters, alleging that numerous statements made by corporation were fraudulent. Defendants moved to dismiss....

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Mario Gasperoni, et al v. Metabolife International Inc.2000 WL 33365948 (E.D. Mich.)

Not Reported in F.Supp.2d Not Reported in F.Supp.2d, 2000 WL 33365948 (E.D.Mich.) (Cite as: 2000 WL 33365948 (E.D.Mich.))  Motions, Pleadings and Filings Only the Westlaw citation is currently available. United States District Court, E.D. Michigan, Southern Division. Mario GASPERONI and Eugenia Corry Trumbull, Plaintiffs, v. METABOLIFE, INTERNATIONAL INC., Defendant. No. 00-71255. Sept. 27, 2000. ORDER GRANTING PLAINTIFF’S MOTION FOR...

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Buyers Fight for Right to Sue GM Hauled into Court Over Purchase Plan Rules

BUYERS FIGHT FOR RIGHT TO SUE GM HAULED INTO COURT OVER PURCHASE PLAN RULES     Detroit Free Press (MI) By JEFFREY McCRACKEN FREE PRESS BUSINESS WRITER Date: September 8, 2000; Page: 1E Edition: METRO FINAL; Section: BIZ; BUSINESS Illustration: Photo NOLAN WELLS/Detroit Free Press Memo: FORCED TO ARBITRATE WARRANTY DISPUTES. SIDEBAR ATTACHED Much like 483,000 other users of...

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Lason Awaits New Loan Deal as it Faces Stronger Lawsuit

Lason awaits new loan deal as it faces stronger lawsuit Technology provides wider access to learning for more students By: Brent SnavelyCrainsdetroit.comJuly 10, 2000 The fate of Lason Inc. remained up in the air Friday as the company talked with banks in hopes of reaching a new loan agreement and faced a beefed up class-action lawsuit filed in U.S....

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Lason Loses $50M

Financial problems grow after aggressive expansion By Brent SnavelyCrainsdetroit.comMarch 27, 2000 The financial picture worsened at Lason Inc. last week after the company announced a $50 million net loss for its fourth quarter.The $2.78-per-share loss stemmed from the company’s decision to discontinue unprofitable portions of its business, and a variety of one-time charges related to acquisitions. The Troy-based data...

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Developer Retools W. Bloofmield Plan After Court Denial

DEVELOPER RETOOLS W. BLOOMFIELD PLAN AFTER COURT DENIAL By LESLIE GREEN HOGUE CRAIN’S DETROIT BUSINESS Crainsdetroit.com September 06, 1999 A Bloomfield Hills developer is hatching a new plan for a controversial site in West Bloomfield Township. Thomas Vestevich – with the help of Terry Stamper, a development consultant at T.L. Stamper and Associates L.L.C. in Birmingham – is considering...

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