Excerpt:
"MCI WorldCom committed the largest corporate fraud in American history, causing $175 billion in investment losses by individual shareholders and pension funds," the Gray Panthers ad reads. "Thousands upon thousands of seniors had their retirements jeopardized. The U.S. government's reaction to the MCI WorldCom fraud has been as shocking as the crime itself."
The ad mimics the arguments in a five-page letter written by Verizon general counsel William Barr last week to SEC chairman William Donaldson.
In that letter, Barr charges that "the SEC's enforcement response to WorldCom's crimes -- the largest corporate fraud in history -- has been to date grossly inadequate and fundamentally misdirected."
http://www.washingtonpost.com/wp-dyn/content/article/2005/09/22/AR2005092202204.html
Excerpt:
Tyco Exec: Abramoff Claimed Ties to Administration
By R. Jeffrey Smith
Washington Post Staff Writer Friday, September 23, 2005
Republican lobbyist Jack Abramoff bragged two years ago that he was in contact with White House political aide Karl Rove on behalf of a large, Bermuda-based corporation that wanted to avoid incurring some taxes and continue receiving federal contracts, according to a written statement by President Bush's nominee to be deputy attorney general.
Timothy E. Flanigan, general counsel for conglomerate Tyco International Ltd., said in a statement to the Senate Judiciary Committee last week that Abramoff's lobbying firm initially boasted that Abramoff could help Tyco fend off a special liability tax because he "had good relationships with members of Congress," including House Majority Leader Tom DeLay (R-Tex.).
http://www.historycommons.org/entity.jsp?entity=timothy_e._flanigan
Excerpt:
One of the main questions on the minds of government lawyers is how to criminally prosecute captured members of al-Qaeda and the Taliban. A few days after 9/11, William P. Barr, a former attorney general, suggests to Timothy E. Flanigan, deputy White House counsel, to use so-called military commissions. Barr first thought of using such military commissions to try the suspects of the bombing of Pan Am Flight 103 over Lockerbie, Scotland, but this was rejected at the time. “I thought it was a great idea,” Flanigan says.
http://www.historycommons.org/entity.jsp?entity=timothy_e._flanigan
Excerpt:
One of the main questions on the minds of government lawyers is how to criminally prosecute captured members of al-Qaeda and the Taliban. A few days after 9/11, William P. Barr, a former attorney general, suggests to Timothy E. Flanigan, deputy White House counsel, to use so-called military commissions. Barr first thought of using such military commissions to try the suspects of the bombing of Pan Am Flight 103 over Lockerbie, Scotland, but this was rejected at the time. “I thought it was a great idea,” Flanigan says.
http://en.wikipedia.org/wiki/Ansul
Excerpt:
Ansul et al. were named as defendants in a 2005 lawsuit alleging that the use of Agent Orange by the U.S. military led to birth defects for Vietnamese children. The United States District Court for the Eastern District of New York ruled that the defending companies were operating under the direct order of the President and as such could not be sued for the consequences of the use of their product.[18]
[edit] Environmental record
[edit] Emissions
Environmentally, Ansul ranked in 2002 among the dirtiest/worst facilities in the US for cancer risk (air and water releases) and non-cancer risk score (air and water releases)[19] due to chromium and copper. Chemicals discharged from Ansul in 2007[20] include:http://www.sourcewatch.org/index.php?title=Tyco_International_Ltd.
Excerpt:
Tyco International, Ltd. has received "over $200 million in federal contract obligations ... [and] was the 68th largest publicly traded federal contractor in fiscal year 2001. About 76 percent of Tyco's federal contracts are with the Department of Defense. The contracts are for such products and services as aeronautical and nautical system manufacturing, architect and engineering services, construction and restoration of facilities, maintenance and repairs, general purpose machine manufacturing, and environmental consulting services."[1]
"According to Securities and Exchange Commission (SEC) filings, in 1997 Tyco International, Ltd., incorporated in Massachusetts, merged into ADT Limited, a Bermuda corporation. The name of the combined company was changed from ADT Limited to Tyco International, Ltd. Each Tyco share was converted to one share of stock in the combined company. In a press release, Tyco said that the combined company would provide cost, marketing, and service synergies. According to the prospectus to shareholders filed with the SEC, keeping the company incorporated in Bermuda would allow the combined company to preserve certain advantages enjoyed by ADT Limited. For example, Tyco International reported that its overall tax savings was over $400 million in 2001."[2]
Other Related SourceWatch Resources
- corporate inversion
- Defense contractors
- federal contractors
- Homeland Security contractors
- Military-industrial complex
- Prison-industrial complex
http://www.sourcewatch.org/index.php?title=Timothy_E._Flanigan
Excerpt:
Timothy Elliott Flanigan, nominated May 24, 2005, by President George W. Bush as Deputy Attorney General of the United States in the Department of Justice, withdrew his nomination on October 7, 2005.
Flanigan, facing "more questions from Senate Democrats about his links with indicted lobbyist Jack Abramoff," withdrew his nomination, "according to a letter" released by Bush.
http://www.fundinguniverse.com/company-histories/Tyco-International-Ltd-Company-History.html
Excerpt:
Address: The Zurich Centre
Second Floor
90 Pitts Bay Road
Pembroke HM 08
Bermuda
Telephone: (441) 292-8674
Fax: (441) 295-9647
http://www.tyco.com
http://www.tyco.com/wps/wcm/connect/tyco+who+we+are/Who+We+Are/History
Excerpt:
2011
- Tyco announces agreement to acquire Signature Security
- Tyco announces agreement to acquire a 75% equity stake in privately held KEF Holdings Ltd.
- Tyco completes acquisition of Signature Security
- Tyco completes acquisition of a 75% equity stake in KEF Holdings Ltd.
- Tyco announces agreement to acquire privately held Chemguard, Inc.
- Tyco completes acquisition of Chemguard, Inc.
http://nytechblog.com/?p=1647
Excerpt:
A quick perusal of their website reveals a few startling details. Divided among a six way partnership, Level Equity is composed of Benjamin Levin, George McCulloch, Sarah Haas, and Glen Shields. The others are Gabriel Erbst, Martha Burzynski, and Michael Brink. Half of the team are all former Insight Ventures people and to cite one of their bios (this is Benjamin Levin’s):
http://www.levelequity.com/bios_benjamin_levin.php
Excerpt:
http://www.levelequity.com/bios_george_mcculloch.php
Excerpt:
Gabriel Erbst is an analyst at Level Equity. He is involved in Level Equity's investment in Longboard Media. His past professional experience includes Rothschild & Sons and Morgan Stanley, as well as founding TableXchange, a community marketplace for restaurant reservations. He is a graduate of New York University's Stern School of Business, and, for the past five years, has played in a charity dodgeball league to benefit Meals on Wheels
http://www.tycomsecuritieslitigation.com/
Excerpt:
| UPDATE: THE DISTRIBUTION CHECKS WERE MAILED ON MONDAY, AUGUST 22, 2011. IF YOU FILED AN ELIGIBLE CLAIM AND YOU DO NOT RECEIVE YOUR CHECK WITHIN A FEW WEEKS, PLEASE CONTACT THE CLAIMS ADMINISTRATOR AT 1-888-265-0241. |
This Action relates to the initial public offering of TyCom, Ltd. common stock. Named as defendants in the action are Tyco International, Ltd. and TyCom, the three lead underwriters of the initial public offering (Citigroup, Goldman Sachs, and Merrill Lynch) and the three individual defendants and TyCom Board members (Neil Garvey, L. Dennis Kozlowski and Mark H. Swartz). The Action was filed in the U.S. District Court for the District of New Jersey. Index No. 03-cv-03540.
On August 25, 2010, the District Court approved a $79 million partial settlement between lead plaintiff and all defendants (except Kozlowski and Swartz) and also approved a Plan of Allocation of the settlement proceeds. The partial settlement was on behalf of all persons and entities who purchased or acquired TyCom common stock between July 26, 2000 and December 17, 2001. Class members were required to file a proof of claim by October 1, 2010 to participate in the settlement. A copy of the Settlement Agreement and Release with respect to the $79 million settlement and the Final Order of the Court approving the Settlement are also available for your review.
Subsequently, Lead Plaintiff entered into a Supplemental Settlement Agreement and Release with defendants L. Dennis Kozlowski and Mark H. Swartz to settle the Class’ remaining claims against those defendants for $105,000. On April 20, 2011, Magistrate Judge Arpert approved the Kozlowski-Swartz Settlement and entered a Final Judgment and Order regarding the Supplemental Settlement. The two settlement funds (the $79 million fund and the $105,000 fund), less fees and expenses awarded by the District Court, will be combined and distributed to class members pursuant to the Plan of Allocation previously approved by the District Court and the proofs of claim previously submitted with respect to the $79 million settlement. Only those class members who filed a valid proof of claim on or before October 1, 2010, are entitled to a distribution from the combined settlements.
http://www.sourcewatch.org/index.php?title=Jack_Abramoff
Excerpt:
Client "Company A" is Tyco
Tyco International Ltd., "whose former CEO" L. Dennis Kozlowski "became a symbol of corporate corruption, acknowledged" January 5, 2006, that "it is the Jack Abramoff client referred to as 'Company A' in court documents describing the lobbyist's scheme to funnel millions of dollars in lobbying fees to himself," the Associated Press's Sharon Theimer reported.
http://suzieqq.wordpress.com/2008/01/03/criminals-in-the-bush-administration/
Excerpt:
Timothy Flanigan – nominated, Deputy Attorney General (also Alberto Gonzales’ top deputy at the White House) – withdrew his nomination in October 2005 amidst revelations that he’d worked closely with lobbyist Jack Abramoff when he was General Counsel for Corporate and International Law at Tyco, which was a client of Abramoff’s.
http://en.wikipedia.org/wiki/Timothy_Flanigan
Excerpt:
Flanigan left his job as White House Deputy Counsel in December 2002, to work as General Counsel, Corporate and International Law, at Tyco International. He immediately hired lobbyist Jack Abramoff to lobby Congress and the White House to preserve the loophole which allowed Tyco to avoid paying taxes through its Bermuda tax haven.[3][4][5]
http://www.nndb.com/people/120/000104805/
Excerpt:
Executive summary: Would-be Deputy US Attorney General
Nominated 24 May 2005 to be Deputy U.S. Attorney General, nomination withdrawn 7 October 2005. Flanigan reportedly hired Jack Abramoff to lobby for Tyco.
Formerly White House deputy counsel under Alberto Gonzales, and before that senior law clerk to Chief Justice Warren Burger (1985-86).
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