Jon Whitcomb of Diserio Martin added, "the failure to register is a material breach of Konover's obligations, justifying recission
of any agreement between the parties, and restitution of the amounts loaned prior to conversion.
For over a year now, new management at both companies has sought an equitable recission
of the original transaction," said current Chairman and CEO Leon Blaser of WasteMasters.
The terms of the recission
are contained in the Form 8-KA Current Report of First Deltavision dated April 9, 2002, which was filed with the Securities and Exchange Commission on Nov.
The impact of this situation has caused us (the plaintiffs) to pursue recission
of the Franchise Agreement," concluded Patel.
loss on recission
150,000 Long-Term Debt 0 0 Common stock to be issued 423,750 423,750 Total Liabilities 1,350,270 1,095,755
Counsel for plaintiff and the putative class intend to pursue swift and vigorous recovery of the monies lost as the result of defendants' actions and, in the alternative, the recission
of the purchases of the Company's shares.
In the suit, filed in Chancery Court in Delaware, Bally's Grand minority shareholders who together hold close to 60 percent of Bally's Grand shares in public hands asked the court for a recission
of the $60 million cash and stock sale of the Bally's Grand Paris Casino Resort to Bally Entertainment and its proposed merger partner Hilton Hotels.
Plaintiff seeks to recover damages and/or recission
of the acquisition of Deutche Telekom stock acquired pursuant to the Registration Statement filed May 22, 2000 and Prospectus dated June 17, 2000, on behalf of class members and is represented by counsel including the law firm of Stull, Stull & Brody.
In a new report, Moody's Investors Service, New York, said that monoline financial guarantors and mortgage insurers plan to reduce their losses from defaulted mortgages through "loan put-backs to originators and through claims recissions
Successful business managers must certainly know the world of government financial management, including the Planning, Programming, Budgeting, and Execution (PPBE) system with its lexicon of terms, such as program budget guidance, supplemental, recissions
, congressional interest items, and affordability.
The Forest Service had authorized the harvesting of these sales despite the fact that the Tribes' administrative appeals were still pending because the Forest Service believed it was required to do so by the "Salvage Rider" of the 1995 rescissions bill, Emergency Supplemental Appropriations for Additional Disaster Assistance, for Anti-Terrorism Initiatives, for Assistance in the Recovery from the Tragedy that Occurred at Oklahoma City, and Recissions
Act of 1995, Pub.
in the federal budget have not spared libraries, and state and local funding has been cut in many instances as well.