Anatomy of a Shakedown: Logue's/Directors'/R&G's Panic-Driven Extortion (Part I)

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Anatomy of a Shakedown: Logue's/Directors'/R&G's Panic-Driven Extortion (Part I)
http://www.progressivesplayground.com/dc/dcboard.php?az=show_topics&forum=127

March 13, 2006: STT's Directors caused to be filed management's proxy statement, containing FALSE and MISLEADING arguments in their opposition statement, opposing Patrick Jorstad's proposal to redeem the poison pill
March 13-17, 2006: Doing my due diligence as an investor, I parsed through the proxy statement, noting such matters as Truman Snell Casner's retirement (following years in which I pushed for his removal), the Board's false and misleading opposition statement, and other problems with the proxy. I made clear that I intended to raise my concerns as an investor at the 2006 meeting. By their own subsequent admissions, STT's Directors, Logue, and R&G were monitoring this message board, and were aware of my intent to raise these issues at the meeting.

March 17, 2006: I posted all-but-definitive proof that the George A. Logue that Nader F. Darehshori is in business with is the brother of Ronald E. Logue, Chairman and CEO of State Street. I made clear that I intended to raise my concerns as an investor at the 2006 meeting. By their own subsequent admissions, STT's Directors, Logue, and R&G were monitoring this message board, and were aware of my intent to raise these issues at the meeting. Indeed, in a subsequent shakedown meeting, they cited to the post in which I all but proved the relationship between George A. Logue and Ronald E. Logue (hereinafter, "the Logue Brothers").

April 19, 2006: At the 2006 AGM, Ronald E. Logue engaged in oppressive conduct to squelch dissent and truthful airing of relevant information, which was germane to the Items of Business. Knowing full well that I intended to raise the issue of the FALSE and MISLEADING information that the Directors included re: the poison pill proposal, Logue hastens to cut off all questions about this Rule 14a-8 prospoal. Having read Southgate & Glazer's language about oppressive conduct at a meeting, I refuse to yield on the principle that a shareholder has a right to ask a question about a Rule 14a-8 proposal, or on the principle that the Chair may not arbitrarily or capriciously interrupt the flow of truthful data about an Item of Business properly on the floor. When Logue refused to yield to the principle, I jumped straight to the outcome cited in Southgate & Glazer, making clear that I was calling his bluff: fine, arrest me (I honestly thought that Ropes would have counseled him that he could not lawfully take it to that extreme). Compounding his illegal move, Logue ejected Patrick, too. I was booked, fingerprinted, and jailed for a few hours, before appearing in Suffolk Superior Court in handcuffs and leg irons (no, really, in leg irons). The charge: criminal trespass, a misdemeanor carrying a maximum fine of $100.00 and/or imprisonment for not more than 30 days: http://www.mass.gov/legis/laws/mgl/266-120.htm

June 9, 2006: At the pre-trial conference on the criminal trespass charge (which I was more than willing to defend against in open court, in order to explain to a jury the whole story), the prosecutor jumped me with the surprise information that certain STT actors had subsequently filed additional criminal complaints against me for criminal harassment (carrying a maximum fine of $1000.00 and/or imprisonment for 2.5 years): http://www.mass.gov/legis/laws/mgl/265-43a.htm

Expecting me to:

1. Cave in fear; and

2. Proceed pro se, as I had done up until that point ...

... STT's Directors and Key officers expected to be rid of the truth-telling whistleblower.



P.S. It should be noted that when Ropes & Gray files something in court, they're protecting their own: Truman Snell Casner, John D. Donovan, Jr., and (unfortunately) Chris Green. That conflict of interest means they're putting their interests ahead of owners'.


PART 2... http://www.progressivesplayground.com/dc/dcboard.php?az=show_topics&forum=127

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