So I’m slowly digging through the mountain of data in the SGI Documents, and I’m going to post little things I find here for you to consider. This post will update alot over the next several hours. It’s very slow going as all of the PDF’s are scanned documents, so the text is not searchable ..
I won’t clutter up the front page with all the details, so read the list after the break.. And contribute your own findings in the comments!
Update: Be sure to check out Part 2 of this.
Legal Entities:
- According to Docket #222, Houlihan Lokey is Financial Advisor for the “Debtors”
- According to Document #49, AlixPartners has been retained as restructuring advisors
- According to Document #50, Ropes & Gray have been retained as Counsel
- According to Docket #224, Davis Polk & Wardwell are Special Corporate Counsel
Interesting Motions:
- Document #52 is a motion to prevent local Utilities from cutting off service to SGI Facilities..
- Document #75 is a supplemental motion to try and work out payment of salaries, benefits, COBRA, reimbursements and other stuff during the transition. Paragraph 11 actually talks about employees that were terminated days before the Chapter11 started, who were unable to cash their final paychecks because SGI went belly-up. Looks like it was granted in Docket #217 and Docket #220.
Objections:
- Equipment Management Technology Objected to an objection preventing the sale
- BakBone Software objected to the “Cure Amount” of $0.00 listed in the Cure Notice (Docket #228)
- SGI makes a motion to reject BakBone’s claims in Docket #242 nunc pro tunc
- Docket #226 talks about an objection from Konami Gaming
- There’s an amended Lease Agreement between Fleet Business Credit & SGI Federal. (Docket #293)
- Docket #290, Document 202 is an objection from Intel about their licensing royalties where they claim SGI owes them $41,000 for Intel Software Development Packs. Docket #233 is also from Intel, who wants to reclaim the patent they’ve licensed to SGI and prevent them from transferring to Rackable. They want to renegotiate with Rackable, rather than letting them get the patents “For free” in the acquisition.
- Docket #227 seems to indicate that Cray objects to Rackable suddenly having rights to some of their technology through this acquisition, and wants confirmation that Rackable will honor the original terms of agreements they had with SGI.
- Docket #229 and #232 are from Delta Air Lines about SGI’s “Preferred Carrier Agreement”. SGI filed a motion to have the Preferred Carrier Agreement transferred to Rackable, but Delta can’t find that they ever had any such Agreement with SGI in the first place, only finding a 1-page addendum to an agreement with Northwest.
- Docket #230 is an objection from Voith Siemens Hydro Power Generation. They want to make sure that if their customer service contract is transferred to rackable, then the master lease agreement is as well. Otherwise they could wind up paying for support on equipment they no longer own!
Interesting Findings:
- Docket #295 contains a complete listing of all of SGI’s Patents & Registered Trademarks
- I think Docket #282 contains a list of all unexpired leases in-the-field for SGI. It’s a massive 366page list, with about 32 sites per page.
- If you wanna know how much SGI spent on Lawyers, check out the parts of Document #50
Somewhat Out there:
- Check out Document 103 under Docket 243, an objection brought by William Kuntz III, who brings some interesting (and humorous) points:
1. Only some 13 weeks had elapsed between the closure of the debtor’s prior ch11 chase and the commencement of this case.
6. Objectant respectfully submits that the pending motion is really a sham being a device to maintain control of the debtor by the creditors and entrenched management. This conduct was in fact admitted by the creditors before Judge Lifland. (Then including the Transcript).
- Document #102 is an “emergency motion” from Eliot Ivan Bernstein (and contains his address & phone number) that aims to establish himself as an unsecured creditor because of his “Backbone technologies” valued at $1 Trillion (yes, Trillion) that have “fundamentally transformed digital television content creation and distribution, and transformed the internet from a text based medium to a rich media medium”. Later it alleges a conspiracy between various legal firms that is currently under investigation by federal and state authorities which cost him his company. He seems to have an old blog on BlogSpot detailing his earlier attempts in fighting this.
Still digging….
Information from Eliot Bernstein, who filed a Proof of Claim in this case recently. The following information is intended as a primer for those seeking to dig further into the relationship of SGI, Intel and Lockheed through their former company Real 3D, Inc. and Bernstein The impact these matters may have on the proceedings include potential charges for fraud on the court in the bankruptcy.
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MADOFF + STANFORD + DREIER + SATYAM + ALBERT HU = PROSKAUER ROSE
Investors who have been burned in these scams should start to seek redress from the lawyers who were involved with these scams. I personally have been trying to notify regulators and authorities of a ONE TRILLION DOLLAR scam by lawyers that is putting states like New York and Florida at huge risk, as well as, companies like Intel, Lockheed, SGI and IBM. Federal agents investigating the crimes and evidence, including a car-bombing attempt on my life and leading to suspension of technologies at US Patent Office pending USPTO investigations. I know how Harry Markopolos felt trying to expose Madoff in a world without regulators.
Did I hear Proskauer Rose is involved in Madoff (involved many clients too) and acted as Allen Stanford’s attorney. Investors who lost money in these scams should start looking at the law firm Proskauer’s assets for recovery. First, Proskauer partner Gregg Mashberg claims Madoff is a financial 9/11 for their clients, if they directed you to Madoff sue them. Then, Proskauer partner Thomas Sjoblom former enforcement dude for SEC and Allen Stanford attorney, declares “PARTY IS OVER” to Stanford employees and advises them to PRAY, this two days before SEC hearings. Then at hearings, he lies with Holt to SEC saying she only prepared with him but fails to mention Miami meeting at airport hanger. Then Sjoblom resigns after SEC begins investigation and sends note to SEC disaffirming all statements made by him and Proskauer, his butt on fire. If you were burned in Stanford sue Proskauer.
Proskauer Rose, Foley & Lardner, SGI, Lockheed, Intel, IBM and MPEGLA, LLC are also in a TRILLION dollar FEDERAL LAWSUIT legally related to a WHISTLEBLOWER CASE approved by Judge Shira Scheindlin for trial in FEDERAL COURT. Marc S. Dreier, brought in through patent attorney Raymond A. Joao of Meltzer Lippe who put 90+ patents of mine in his own name, also a defendant in the Federal Case. Joao’s partner Kenneth Rubenstein and sole (souless) patent evaluator for MPEGLA and former patent counsel to Bernstein, also sued.
The Trillion Dollar suit according to Judge Shira Scheindlin is one of PATENT THEFT, MURDER & A CAR BOMBING. For graphics on the car bombing visit http://www.iviewit.tv.
The Federal Court cases
United States Court of Appeals for the Second Circuit Docket 08-4873-cv – Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al. – TRILLION DOLLAR LAWSUIT
Cases @ US District Court – Southern District NY
(07cv09599) Anderson v The State of New York, et al. – WHISTLEBLOWER LAWSUIT
(07cv11196) Bernstein, et al. v Appellate Division First Department Disciplinary Committee, et al.
(07cv11612) Esposito v The State of New York, et al.,
(08cv00526) Capogrosso v New York State Commission on Judicial Conduct, et al.,
(08cv02391) McKeown v The State of New York, et al.,
(08cv02852) Galison v The State of New York, et al.,
(08cv03305) Carvel v The State of New York, et al., and,
(08cv4053) Gizella Weisshaus v The State of New York, et al.
(08cv4438) Suzanne McCormick v The State of New York, et al.