"You never disclosed the existence
or threat of this lawsuit to us;
had you done so, we would not
have entered into the Agreement.
The Agreement is hereby
terminated and canceled,
effective immediately."
This is the letter that shows the link between Our Man Elli's reportage and the shocking resignations of the Israel Baseball League's commissioner and advisory board members. It was sent to Israel Baseball League founder Larry Baras, from the Spectrum Capital Group, the investment bankers Baras had hoped would bail out the IBL, canceling the deal, the day after Tabloid Baby revealed the details of the securities fraud lawsuit that had been filed against him.
On Thursday, The IBL 10 announced their resignations.
TRIBUNE INVESTIGATION: HIDDEN HAZARDS
ReplyDeleteFinger-pointing furious in deal gone sour
Magnetix becomes a major problem for its new owner
By Patricia Callahan | Tribune staff reporter
May 7, 2007
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Digg Del.icio.us Facebook Fark Google Newsvine Reddit Yahoo Print Single page view Reprints Reader feedback Text size: Magnetix building sets were such hot sellers for Rose Art Industries that a rival toymaker bought the family-owned company. Now the legacy of that toy is haunting Mega Brands, the Canadian firm that purchased Rose Art.
Mega Brands officials allege in a lawsuit that Jeffrey and Lawrence Rosen -- the brothers who sold them Rose Art, then led that division after the merger -- didn't fix the problems with the dangerous toy in part because they didn't want to jeopardize personal multimillion-dollar payouts tied to profit targets.
Kenny Sweet Jr., a suburban Seattle toddler, died, and at least 27 other children suffered serious intestinal injuries after swallowing tiny magnets that fell out of Magnetix toys.
Hey Wogelegereteree ere or whatever your friggin name is here is another scoop for you!!!!!!
lets see you go after this guy before he screws up the league also
Larry Rosen is borderline criminal. He has a history of actions that lead to lawsuits such as this and has recently started a new company to run Mega into the ground. The method he is using is directly ripping off another toy brand and using their product to launch his own. This is who we want to buy our children's toys from? This is the type of behavior that led to the financial disaester. I hope other people see through this snake.
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