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Johnson & Johnson Message Board

sports_jjunkie 9 posts  |  Last Activity: Apr 14, 2014 2:08 AM Member since: Mar 21, 2012
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  • Reply to

    Kodak to Offer Eastman Business Park for Sale

    by sports_jjunkie Mar 30, 2014 10:12 PM
    sports_jjunkie sports_jjunkie Apr 14, 2014 2:08 AM Flag

    Nice article by Mathew Daneman March 25, 2014 Eastman Business Park for sale

    Some points made by Mathew Daneman:

    complete with is own power generation, water supply, steam and compressed air generation capacity and fire department.

    I don't know I've ever seen a facility this size come on the market

    The creation of that clean-up trust fund was a big reason why the park now is for sale.

    ***************************************************

    The clean-up trust fund was established prior to EK exit from BK.

  • Kodak Business Wire March 25, 2014.

    When you have a chance review doc 4619. The sale of EBP or the preparation for the Sale of EBP took place before EK exited BK. There were environmental concerns with the State of NY that EK had to deal with.

    I think one very important reason why Equity was not part of the deal is because a lot of the documents were sealed to Investors to review and challenge their findings.

    Since Judge Gropper said Equity had no value, ALL DOCUMENTS SHOULD BE AVAILABLE FOR PUBLIC VIEW SO VALUATIONS COULD BE SCRUTIZIED.

  • sports_jjunkie sports_jjunkie Mar 30, 2014 2:15 AM Flag

    kid

    from Kodak Businesswire March 25, 2014

    KODAK TO OFFER EASTMAN BUSINESS PARK FOR SALE

    Since you held unsecure debt and got a fraction of the new company, what do you think of how the Court treated the unsecured?

    The sale of EBP was in the planning stages for a while and the Court could have waited 6 months to come to a settlement.

    ALL DOCUMENTS SHOULD BE UNSEALED, INCLUDING DOCUMENTS PREVIOUSLY ISSUED. THERE ARE NO REASON TO BLOCK ANYTHING UNLESS ITS FOR COMMERICAL VALUE TO THE COMPANIES INVOLVED.

  • sports_jjunkie by sports_jjunkie Mar 26, 2014 7:19 PM Flag

    Since Equity was found to have no value in Kodak BK Case No. 12-10202, all documents that were sealed should be made available for public view.

    All Commercial Information should be redacted by the Court if they are important to the companies involved, but what took place on the patents and the valuations should be made available to the public.

    In light what took place with Lehman Brothers, Kodak Equity Investors should have a clear idea what the valuations were.

    If someone is close to Court and can make this happen, this will go a long way in settling the issues.

  • sports_jjunkie sports_jjunkie Mar 23, 2014 10:24 AM Flag

    Coming up at the end of March 2014, is the request for documents for Gov. Christie Staffers, Kelly & Stepien. If the Judge rules that they have to provide the documents re to the GWB lane closures, then we might get more revelations on how Gov. Christie used Sandy Storm funds.

    The Prosecutor for the NJ State Legislature is someone that might bring all these facts out.

  • By Matt Friedman/The Star-Leger February 1, 2014.

    Google this story on the internet.

    Why did E & Y need to hire Gov. Christie's brother?

    E & Y played a pivotal in EK's BK especially in the carve-out valuations. Alix Partners, former E & Y Staffers, were the restructuring Agent.

    I recall reading one of the E & Y contract for additional work stating that they would be liable for only the amount that they were compensated for.

  • Reply to

    Hey! Whens That Phuken Buy Out?!?!?!?!?!

    by stockboardguy Dec 18, 2013 1:43 AM
    sports_jjunkie sports_jjunkie Mar 6, 2014 12:03 AM Flag

    There were a lot of documents sealed by the Court to prevent outsiders from viewing what was taking place when EK went into BK. If EK had no monies for equity investors then those documents should have been open for stockholders to review.

    The hiring of E & Y of Gov. Christie's brother Todd for the Sandy Storm Monitoring should have been a telling sign. The investigation into how the Sandy Funds were being used is on going.

    This is another high profile case that just came up.

    COURT REVIEVES NY CLAIMS TO ERNST & YOUNG FEES FROM LEHMAN AUDITS.
    by Karen Freifeid Reuters February 20, 2014

    A NY state appeals court on Thursday revived the NY Attorney General's claims for $150 million in fees that Ernst & Young earned from Lehman Brothers Holdings in the years leading up to the bank's collapse.

    The state wants to recoup the fees as part of a lawsuit against E & Y over its auditing of Lehman Brothers. The 2010 lawsuit accuses the firm of assisting Lehman in accounting fraud.

    In a unanimous opinion, the appeals court said that, when a claim is based on fraudulent activity, disgorgement of the fees is available as a remedy.

    This is a very powerful charged levied on Ernst & Young. NY accuses the firm of assisting Lehman in accounting fraud.

  • Reply to

    Hey! Whens That Phuken Buy Out?!?!?!?!?!

    by stockboardguy Dec 18, 2013 1:43 AM
    sports_jjunkie sports_jjunkie Feb 6, 2014 11:01 PM Flag

    I guess someone is very nervous of what is taking place in New Jersey with the Sandy monitoring.

    Just some recollection after EK's BK.

    When EK went into BK, the restructuring firm was not Alix Partners. Alix Partners replaced the firm after EK went into BK.

    The Auditing/Accounting firm was for EK was PWC before BK and after BK.

    The head of restructuring firm for Alix Partners came from E & Y.

    When Alix Partners took over, they had AP fire their CFO who had been there for a while. Alix Partners claim that she didn't know enough about Bankruptcy. Alix Partners then installed one of their own as CFO.

    If you can shed some light on how E & Y is monitoring the Sandy Funds, this might shed some light on how E & Y dealt with EK's Bankruptcy.

  • Reply to

    Hey! Whens That Phuken Buy Out?!?!?!?!?!

    by stockboardguy Dec 18, 2013 1:43 AM
    sports_jjunkie sports_jjunkie Feb 1, 2014 10:14 PM Flag

    SBG

    This came across the news today re Ernst & Young. Ernst & Young was hired after the Sandy Storm by Gov Christie to monitor how Sandy Funds were being used. E & Y then hired Gov Christie's Brother Todd. E & Y claims that Todd had no involvement with the Sandy funds but it seems very strange why E & Y would hire Gov. Christie's brother.

    E & Y did a lot of critical valuations for EK. I think we should monitor how E & Y in handling the above very seriously.

JNJ
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