Having worked at Terex at an executive level it is my opinion that this suit alleges actions that appear to bear merit. What is left out of the information released is that fact that Ron DeFeo, Chairman and CEO of Terex was on the board of directors of URI at the time. Does anyone who knows anything about this company and it's people doubt that DeFeo was also involved in this scheme?
The allegations are not unfair. I worked on the executive team and transactions of this size had never gone without discussion at the CEO level in my experience. My opinion stands. A transaction of this type would never have happened without DeFeo's knowledge