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Suit seeks damages from UP directors. (Omaha-World-Herald)

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Anonymous
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Suit seeks damages from UP directors. (Omaha-World-Herald)
Posted by Anonymous on Wednesday, April 13, 2005 3:17 PM
A UP corp. shareholder has sued the company's directors,including chief executive richard davidson,contending that their handling of rail accidents and other incidents cost the company millions of dollars.
Investor david jaroslawicz suid 12 directors on behalf of UP,the biggest US Railroad,saying they breached their duty to act in the best interest of the company,according to papers filed in a Utah court last week. Omaha based UPRR would collect any damages in the suit,which cites costs of $103 million from a single derailment in 2000.
A series of New York times articles last year said that UPRR and other RR's destroyed or tampered with evidence in crossing accidents and that the US Transportation Department failed to investigate the wrecks.
"UPRR has recived the complaint and is reviewing it with council," UPRR spokesman John Bromley said Tuesday. "The company has no further comment at this time."
-----Bloomberg News.
BNSFrailfan.
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BaltACD
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Posted by BaltACD on Wednesday, April 13, 2005 6:39 PM
A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.

Never too old to have a happy childhood!

              

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Anonymous
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Posted by Anonymous on Thursday, April 14, 2005 9:28 AM
QUOTE: Originally posted by BaltACD

A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.
You know! You have a very good Point there. Someone out wants some Quick CASH! And they know who to go after too.
BNSFrailfan.
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gabe
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Posted by gabe on Thursday, April 14, 2005 10:51 AM
QUOTE: Originally posted by BNSF railfan.

QUOTE: Originally posted by BaltACD

A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.
You know! You have a very good Point there. Someone out wants some Quick CASH! And they know who to go after too.
BNSFrailfan.


Trust me; this suit has little, if anything, to do with cash--it is an end run around a proxy battle.

Gabe
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K. P. Harrier
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Posted by K. P. Harrier on Thursday, April 14, 2005 11:12 AM
After my stumbling across the February TRAINS and reading the UP piece, I wouldn’t be so quick to pass judgment on the subject of this topic.

----------------------------------------------------------------------------------------------------------------------------------- K.P.’s absolute “theorem” from early, early childhood that he has seen over and over and over again: Those that CAUSE a problem in the first place will act the most violently if questioned or exposed.

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Mookie
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Posted by Mookie on Thursday, April 14, 2005 11:31 AM
QUOTE: Originally posted by gabe

QUOTE: Originally posted by BNSF railfan.

QUOTE: Originally posted by BaltACD

A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.
You know! You have a very good Point there. Someone out wants some Quick CASH! And they know who to go after too.
BNSFrailfan.


Trust me; this suit has little, if anything, to do with cash--it is an end run around a proxy battle.

Gabe
I saw the article and wondered after Allan posted what your thoughts would be on this.

Seems UP settled a 1997 lawsuit in Texas for $34 million in 2000, that looks just like this one. Looks like they will go through it all again?

Mook

She who has no signature! cinscocom-tmw

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gabe
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Posted by gabe on Thursday, April 14, 2005 12:00 PM
QUOTE: Originally posted by Mookie

QUOTE: Originally posted by gabe

QUOTE: Originally posted by BNSF railfan.

QUOTE: Originally posted by BaltACD

A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.
You know! You have a very good Point there. Someone out wants some Quick CASH! And they know who to go after too.
BNSFrailfan.


Trust me; this suit has little, if anything, to do with cash--it is an end run around a proxy battle.

Gabe
I saw the article and wondered after Allan posted what your thoughts would be on this.

Seems UP settled a 1997 lawsuit in Texas for $34 million in 2000, that looks just like this one. Looks like they will go through it all again?

Mook


Aside from my conclusion that it is a power thing--as well as a thought similar to yours--my thought is that when my current job reaches its pre-set termination date in August, I need to find a way to get in on this action. If my conclusions about the suit are right, the only winner on this will be the lawyers.

Gabe
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Mookie
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Posted by Mookie on Thursday, April 14, 2005 12:13 PM
Gabe - I like your style!

[:D]

She who has no signature! cinscocom-tmw

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chad thomas
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Posted by chad thomas on Thursday, April 14, 2005 12:41 PM
QUOTE: Originally posted by gabe

QUOTE: Originally posted by BNSF railfan.

QUOTE: Originally posted by BaltACD

A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.
You know! You have a very good Point there. Someone out wants some Quick CASH! And they know who to go after too.
BNSFrailfan.


Trust me; this suit has little, if anything, to do with cash--it is an end run around a proxy battle.

Gabe


Gabe,

Could you please explain this? And remember I don't speak much legaleze.
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spbed
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Posted by spbed on Thursday, April 14, 2005 12:46 PM
Gee whiz if he bought at $100.00 PS he would be disgruntled but if he bought 6 months ago @ $50.00 PS he should be smiling all the day to the bank. I guess the suit is togets his dividends faster [:D][:D][:D]

Originally posted by BaltACD
[

Living nearby to MP 186 of the UPRR  Austin TX Sub

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spbed
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Posted by spbed on Thursday, April 14, 2005 12:49 PM
If what you say is correct then he must be one greedy SH as if he bought 6 months ago he made almost 40% already on his invested money.

Originally posted by BNSF railfan.

Living nearby to MP 186 of the UPRR  Austin TX Sub

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gabe
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Posted by gabe on Thursday, April 14, 2005 12:49 PM
QUOTE: Originally posted by chad thomas

QUOTE: Originally posted by gabe

QUOTE: Originally posted by BNSF railfan.

QUOTE: Originally posted by BaltACD

A typical rabble rousing disgruntaled stockholder suit. These types of suits are a dime a dozen for large corporations.
You know! You have a very good Point there. Someone out wants some Quick CASH! And they know who to go after too.
BNSFrailfan.


Trust me; this suit has little, if anything, to do with cash--it is an end run around a proxy battle.

Gabe


Gabe,

Could you please explain this? And remember I don't speak much legaleze.


I think I will tomorrow. I don't have the article at my immediate disposal, and I don't want to say anything more specific from memory.

Gabe
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K. P. Harrier
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Posted by K. P. Harrier on Thursday, April 14, 2005 12:58 PM
Can anyone provide a link to the actual news story?

----------------------------------------------------------------------------------------------------------------------------------- K.P.’s absolute “theorem” from early, early childhood that he has seen over and over and over again: Those that CAUSE a problem in the first place will act the most violently if questioned or exposed.

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chad thomas
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Posted by chad thomas on Thursday, April 14, 2005 1:25 PM
Thanks Gabe, no hurry, just curious.
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Mookie
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Posted by Mookie on Thursday, April 14, 2005 1:50 PM
I checked on Omaha.com and couldn't find it. But I can hold the paper up next to my screen if that will help!

I'm a failure!

[sigh]

She who has no signature! cinscocom-tmw

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Anonymous
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Posted by Anonymous on Thursday, April 14, 2005 3:28 PM
QUOTE: Originally posted by K. P. Harrier

Can anyone provide a link to the actual news story?
It was in Wednesday's Paper. Business section. Over to the left of the Page.
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Mookie
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Posted by Mookie on Friday, April 15, 2005 5:50 AM
And Thursdays paper - Journalstar.com! I take both and thought I had the Omaha paper....sorry.....

She who has no signature! cinscocom-tmw

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