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 3/10 Fair --- www.abovethelaw.com http://www.abovethelaw.com/index.xml
| A Legal Tabloid - News, Gossip, and Colorful
Commentary on Law Firms and the Legal Profession ... |
Thursday, June 26, 2008 --- 70 days ago http://abovethelaw.com/2008/06/lawsuit_of_the_day_make_our_co.php
 With the Dow Jones hitting new lows and many a company struggling to keep stock prices up, corporate types are challenged to get their businesses back in good shape. Some do this by firing replacing those at the top. Some do it by streamlining (e.g. layoffs) and cutting back on expenses. Some do it by threatening the lives of executive officers and their families if they don't keep quiet about the company's troubled finances... Well, at least one Canadian board chairman chose that last questionable tactic. From Courthouse News : "Beginning in or around June or July 2007, and contrary to the corporation's public reporting, Garda World Security Corporation was apparently experiencing serious financial problems. The operating results with respect to the corporation's cash logistics business were apparently so at variance with its public reporting that defendant Stephan Cretier, the Chairman of the Board of Garda World Security Corporation and its largest individual shareholder, threatened Richard Irvin and other top executives of the company at a meeting in late November 2007, that if any of them leaked the true facts, he would use the corporation's security operatives to investigate the leak and would kill any executive and the family of any executive found responsible for the leak ," the complaint states. "As a result of this death threat, plaintiffs Richard R. Irvin and his wife ... have lived in fear for their safety and the safety o ... |
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