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Magellan Petroleum Corporation Message Board

  • h.hughes27 h.hughes27 Dec 17, 2012 10:31 AM Flag

    law firm investigation?

    hmmmmmmm. I wonder if Joshua M. Lifshitz has any connection to Mel E. Lifshitz?

    "The charitable foundation of Lifshitz's law firm continues to invest with Levitin, through a venture called BL Cubed. Within weeks of the Lifshitz firm's sharing in a $3.5 million class-action fee award from suing a company called Irvine Sensors on behalf of Ezra Birnbaum, in June 2004, the BL Cubed venture invested in a PIPE deal in Irvine Sensors (a struggling chipmaker whose shares had fallen 99.7% from their year 2000 high). Then, BL Cubed invested in a SulphCo PIPE deal alongside the Wolfsons. It's strange to see class-action attorneys investing in the sort of companies such attorneys typically sue.
    Levitin says that none of his investment activities "relate in any way to, or affect, the Wolfson family, nor do they relate to my position as general counsel of Acta Realty or any other Wolfson family entities."


    I have no idea.

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    • bongo.drum Jan 8, 2013 8:06 AM Flag

      Any truth to the rumor that Carson's horse Tommy died?

    • When I look at a term price chart of Magellan and overlay it to (all) your responses 'collectively,' a real distinguishable pattern emerges. The price goes down and your postings become more clownish, and when the price goes up you (all) try to be historians reaching back in the news annals for something to post.

      Take a look for yourselves--clownish, followed by historical diggings over and over again. That's called 'volatility ... ' AND you should know by now that volatility is your 'collective' friend ... {: )

    • ozlander Dec 17, 2012 11:05 AM Flag

      lots going on here......

      "On September 12, 2012, the Company received a subpoena from the U.S. Securities and Exchange Commission (the "SEC") for the production of documents in connection with the announcements related to the Stratex proposal. On September 14, 2012, the Company received a letter from the Financial Industry Regulatory Authority ("FINRA") indicating that FINRA is conducting a review of trading in the Company's common stock surrounding the August 28, 2012 announcement by Stratex, and requesting information and documents from the Company in connection therewith. The Company is cooperating fully with the SEC and FINRA in these matters. As a result of the foregoing matters related to Stratex, the Company has incurred significant legal and other expenses. Additionally, the Company now believes that during early May 2012, Mr. Bogachev, without notice to or the knowledge of the Company's Board, was negotiating with Stratex for the sale of Company shares owned or controlled by Mr. Bogachev in an effort by Stratex to obtain control of the Company..."

1.33+0.03(+2.30%)May 27 4:00 PMEDT