Board-Ansicht
Mix-Ansicht- AT&T und Coke - LAWSUITS AND ACCUSATIONS - Erwin, 29.10.2000, 11:28
AT&T und Coke - LAWSUITS AND ACCUSATIONS
Zwei weitere Beispiele aus dem Kartenhaus namens"US Stock-Market".
Wie sagte Warren Buffett sinngemäß dazu? - selbst jene sympathischen
Männer in den amerikanischen Vorstandsetagen, die du ansonsten gerne
als Schwiegersöhne sehen würdest, haben heute keinerlei Hemmungen mehr,
wenn´s darum geht, den Aktienkurs der Firma durch Tricks in die Höhe
zu treiben...
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Coke stocks"not the real thing'
ATLANTA -- Coca-Cola, the world's largest soft-drink maker, has been sued by a shareholder who says the company misled investors and artificially inflated its stock price.
According to a statement released by the plaintiff's firm, Chitwood & Harley, the suit, requesting class-action status, alleges that high-ranking Coca-Cola officials drove up the company's share price by forcing bottlers to purchase excessive amounts of beverage concentrate.
It alleges Coca-Cola concealed this information from investors.
The lawyers said they filed the suit on Friday in a federal court in Atlanta, on behalf of shareholders who purchased stock between Oct 21 last year and March 6.
Also named as defendants were Coca-Cola president Jack Stahl, executive vice-president James Chestnut and retired chief executive Doug Ivester.
Coca-Cola is also accused of refusing to properly account for hundreds of millions of dollars worth of impaired assets from its operations in Russia and Japan, the law firm states.
A Coca-Cola spokesman declined comment, saying company officials had not yet seen the lawsuit. --Bloomberg News
AT&T MISLED US, CLAIM INVESTORS
SAN DIEGO -- AT&T and its chairman C. Michael Armstrong are being sued by shareholders who claim that the biggest US phone and cable-television firm misled investors about its financial strength, lawyers said.
The suit on behalf of investors who bought AT&T shares from October last year to May comes as the company is planning to split into four parts in an effort to reverse the slide of its stock price.
The plaintiffs claim AT&T violated securities laws so it could complete an April initial public offering of AT&T Wireless tracking stock on favourable terms and close its June acquisition of MediaOne Group Inc without paying a US$3.7 billion (S$6.5 billion) cash guarantee due if AT&T stock fell below US$57.
AT&T and Mr Armstrong allegedly failed to disclose that they knew by last year that revenue from the company's business-services unit was being hurt by the loss of two US government contracts, among other things, according to the suit the law firm Milberg Weiss Bershad Hynes & Lerach said it filed in a federal court in New Jersey.
AT&T has not seen the suit and was unable to comment on its specific allegations, said company spokesman John Heath.---- Bloomberg News
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