Consumer fraud case will begin the moment they deny to provide you what is right of you as a consumer. Forgive me for my example, but Verizon seems to have been attempting to kill not two birds with one stone, but in this case many birds, i.e.. On 31 May 2012, Central Vigilance Commission (CVC) based on a complaint of two Bharatiya Janata Party Member of Parliament Prakash Javadekar and Hansraj Ahir directed a CBI enquiry.Income Tax Department also started an enquiry based on the reference by the two BJP MP’s. Two days later, Kooistra quit his job, according to the complaint. According to the countercomplaint, Kooistra denied any wrongdoing or having an interest in the companies, despite the interest being disclosed in public records. Flashcom was having the same problems that other companies have had with Verizon concerning the 1996 Telecommunications Act as well. Please dont allow Verizon to use the system as a scapegoat or to have them pay off anyone or group to assist them with avoiding having to answer for all the issues that are at hand. Therefore, they couldnt pay the monies they owed to NorthPoint. Therefore, it seems evident that Verizon has caused one of the largest DSL providers NorthPoint to be eliminated from the mix because now Verizon can roll out DSL when and where they want to avoid “Cutting their nose off to spite their face”, meaning, NorthPoint will not be able to offer (as Ms. Fetter, former President indicated), “Affordable Broadband” to the public which can replace or be compatible with T-1 etc. Please read this well written article by Telecommunications analyst concerning this matter and how the Baby Bells like Verizon have “Intentionally” ruined the rollout of Broadband DSL High Speed Internet Access to you and I. It is clear that Verizon is attempting to the dominate the entire Broadband DSL 500 Billion market share, as a recent expert analyst had reported, and they appear to be using anti-trust and/or monopolization methods of doing so.
Since you can’t be expected to know the Good Samaritan laws of every state or country you visit, you potentially face legal or criminal charges any time you try to lend a helping hand. After that, they will offer you a deal that seems to good to be true. If this is confirmed as being true by way of a settlement or jury verdict is this business or corruption? NorthPoint, by the way had already made arrangements with Telocity and Microsoft MSN Internet to switch these DSL lines that were in question resulting in a correction of any alleged matters almost immediately. Verizon Executives apparently claimed that they wanted NorthPoint for less money than what was ‘Legally” agreed to. Now after the fact, and mind you, all “tech stocks” across the board were down and out, but yet Verizon had their minds dead set on committing the inevitable, “Fraud” and “Breach of Contract” to name a few allegations and at all costs necessary to “wrongfully terminate” the promised legal merger with NorthPoint to improve as they did the stock price and forecast to include stating so within press releases to the public. Ultimately, Verizon would attempt as a last measure, because all else failed in trying to persuade NorthPoint to change its legal merger agreement, Verizon decided to attempt (as the lawsuit claims) to commit “Fraud” by lying and fabricating an alleged “Material Adverse Event” clause to remove Verizon from a legally binding merger resulting in NorthPoint going into bankruptcy directly because of Verizons fabrications and deceitfully unfair tactics. Please read our complaint below which includes additional websites that have done thorough investigations and research concerning Verizon and the Baby Bells and have concluded that “beyond any reasonable doubt” that Verizon has intentionally, criminally, and wrongfully committed terrible acts against many smaller competitive companies, their shareholders, and creditors, customers belonging to them, employees working for them and the entire world seeking Broadband DSL and similar services. I am a member of a shareholder group which includes many shareholders that were former NorthPoint Employees. Everyone was overtly hurt by Verizons cancellation of a legally binding merger with NorthPoint Communications without “Just Cause”. The Merger would have been mutually beneficial to both companies, its employees and the entire world seeking Broadband DSL. It is our belief, as I am hopeful that you can appreciate, that a good majority, approximately 45% of the 133 million outstanding shares are owned by former NorthPoint employees who were unnecessarily damaged and their families made to suffer by Verizons dirty deeds. Therefore, we are sincerely and respectfully requesting your continued assistance and much needed support concerning all the innocent victims and same being “Fairly and Equitably” compensated due to Verizons unjustifiable Wrongful Termination” of a promised merger.
Flashcom, another DSL provider which dealt directly with Verizon, was claiming bankruptcy. If Verizon wouldn’t have done what they have done to NorthPoint, then NorthPoint would have partnered with a competitor of Verizon like AT&T which eventually bought NorthPoints technology equipment, sadly through bankruptcy proceedings. Then there was no material adverse change in Northpoint. If there had been such an auditor as required by their merger agreement maybe NorthPoint wouldnt be in this serious mess that Verizon has created wrongfully and fraudulently. Many of us are long term, ‘Mom and Pops” investors and were seeking to invest with hopes of providing our children and families with a more secure future for i.e.. College Tuition and similar, only to find out that we were all lied to by Verizon as well. Our investments were whisked away wrongfully by Verizon for no legitimate reasons. If we can be of any help to you, please contact us by replying to this email. It is believed that we communicate with hundreds of NorthPoint Shareholder’s some of whom are former NorthPoint Employees who have horror stories, sadly to say, where in many cases their finances were stolen due to Verizon’s overt actions. NorthPoint Communication’s amended complaint and affirmation names Verizon Executives who are alleged to have used Deceitful, Unfair Business practices as well as “Fraud” and lies in order to attempt to confuse and distort the merger agreement that was signed and agreed upon in full on 08/08/2000 by Verizon and NorthPoint. In this amended complaint you will read allegations that a Verizon Vice-President Steven Smith communicated with NorthPoint and its Executives as well as his own Verizon Executives, clearly attempting to manipulate NorthPoint into selling the entire NorthPoint Company for less than what both companies agreed for Verizon to pay for 55% of NorthPoint as per merger agreement 08/08/2000. Steven Smith supposedly put this in writing along with other Verizon Executives such as Telecom Division President Lawrence Babbio who was familiar with all these allegations within the amended complaint, where Verizon Executives attempted what appears to be “Black Mail” and “Fraud”. Isn’t this corrupt in nature for a larger more powerful company to attempt to “strong arm” a smaller competitor like NorthPoint, just prior to the date when Verizon was obligated to make a $200 million payment to NorthPoint? Verizon went back on their word and contractual obligations and in turn attempted to steal NorthPoint for half the original cost and written agreement Please read the amended complaint for further, more accurate accounts of the overt and blatant ‘Fraud” that Verizon’s Executives, “Smith, Babbio, and Messrs” (but not limited to), have committed against NorthPoint.
This company owes us money and is refusing to pay. Verizon felt that they agreed to pay too much for NorthPoint, seeing the Technology sector as we know, across the board considerably lost its value right around the time of the termination of the merger as well as the Presidential recounts occurring simultaneously. NorthPoint restated its earnings of about 6 Million dollars which is minute in comparison to the overall value of NorthPoint of over 2 Billion dollars at the time and furthermore due to the great demand of DSL by consumers as indicated, what is believed to be a 500 Billion dollar market, which Verizon knew full well. In recent years, metal boxes of fraudulent Federal Reserve Notes in astronomically high denominations (often in $100 million, $500 million, or $1 billion) and often with coupons attached have turned up in various Eastern countries such as the Philippines or Malaysia. In a recent interview, E. Lynn Schoenmann, NorthPoints Federal Trustee was quoted as saying Its a very good lawsuit. This case is the product of an investigation by the Federal Bureau of Investigation and IRS Criminal Investigation, with assistance from the Alabama Securities Commission. Some drug courts limit participation based on the severity of the person’s criminal history, while other courts allow only defendants charged with non-violent misdemeanors to participate. Most of the inaccurate information is probably innocuous, but it is not unknown for a site to do something like connect a criminal record with the wrong person. In this variation of the scam, consumers receive a call, letter, fax, or email from a person indicating that they have won a large prize from a foreign lottery and that they will be receiving a check in the mail shortly. NorthPoint had many other Fortune Five Hundred companies interested in their awesome large impressive DSL Network and services they offered.
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