Posts Tagged ‘Worddiamonds’

God Wins! -today’s court ruling

Paley v. Radar Networks

FOR IMMEDIATE RELEASE

Bankruptcy Court issues order permitting California fraud trial to resume against Ross Levinsohn, Steve Hall, and Nova Spivack. 

On August 10, 2012, the United States Bankruptcy Court for the Northern District of California issued an order permitting plaintiff Kate Paley, daughter of CBS founder William Paley, to pursue causes of action for fraudulent transfer against defendants Ross Levinsohn, Steve Hall, and Nova Spivack, who have been sued in California state court.

This ruling ends a five-month delay that was orchestrated by defendants to avoid a public trial.  On May 3, 2010, Ms. Paley filed a complaint in San Mateo Superior Court, alleging causes of action for fraud, fraudulent conveyance, breach of contract, unfair competition, and related claims.

Named as defendants were Ross Levinsohn (who most recently served as interim CEO of Yahoo!, Inc.), Steve Hall (managing partner of Silicon Valley venture capital firm Vulcan Capital), and Nova Spivack.  Plaintiff Paley was the primary investor in Radar Networks, Inc., a Silicon Valley startup managed by defendants.   Plaintiff contends that defendants mismanaged the company, resulting in its failure and the eventual fraudulent transfer of the company’s assets to another company controlled by Evri, Inc., another company controlled by defendant Hall.

Discovery in the case revealed that Levinsohn had an actual intent to defraud Ms. Paley.  In September 2009, for example, Levinsohn voted in favor of a transaction that converted Ms. Paley, without her consent, from a creditor who was owed over $3 million by Radar to an equity holder .  Levinsohn was told numerous times that converting Ms. Paley’s loan to equity was improper, but this conversion was a first and necessary step to making sure that Ms. Paley could not share any of the proceeds from the fraudulent sale of Radar’s assets to Evri.  Thereafter, in February 2010, as the sole member of Radar’s “Acquisition Committee,” Levinsohn rejected an offer from Intellectual Ventures for more than twice the amount offered by Evri.  Radar’s assets were then sold to Evri, giving defendants control over the assets, proceeds from the assets, and all the while leaving Ms. Paley with nothing from her investment.  This carefully orchestrated scheme forms the basis for the California lawsuit.

In an attempt to avoid trial, defendants filed motions for summary judgment in the California suit, which were denied in February 2012.  The case was set for trial to begin on February 27, 2012; that very day, defendants filed a notice of stay after orchestrating a bankruptcy filing on behalf of Radar Networks.   For months in the bankruptcy suit, defendants attempted to delay the proceedings in order to avoid a public trial.

Following this order by the Bankruptcy Court, Ms. Paley will immediately move the Superior Court to lift its stay and allow trial to resume.  The case is Paley et al v. Radar Networks, Inc. et al, Case No. CIV-494701, currently pending in San Mateo Superior Court in Redwood City, California.

LAW360: Departing Yahoo CEO Could Face Fraud Suit

Departing Yahoo CEO Could Face Radar Fraud Suit

(update: moments ago we were given notice of a new delay- and, so it goes. Should we go public?) Law360, New York (July 16, 2012, 10:22 PM ET) — The trustee overseeing the bankruptcy of Radar Networks Inc. has reached a deal that could allow a fraud suit against outgoing Yahoo Inc. CEO Ross Levinsohn to go forward, according to a stipulation filed Thursday.

Kate Paley, the daughter of the late founder and chairman of CBS William S. Paley, claims that Levinsohn, a Radar director who was Yahoo’s interim CEO until his replacement Monday, and other insiders at Radar transferred about $3 million she lent to the company to another entity.

Her suit, claiming fraud and conversion, was stymied after Radar, a web applications company, filed for bankruptcy, but her lawyer said Thursday in a court filing that the Radar trustee has reached a stipulation that could let her suit go forward.

“The stipulation is in the best interests of the estate and should be approved,” lawyers for Paley and the trustee said in the stipulation. Paley will require court approval if her suit is to ultimately go forward.

Levinsohn, who was Yahoo’s interim CEO until the Yahoo board appointed former Google Inc. executive Marissa Mayer to the job effective Tuesday, would be a key target in the suit.

Paley’s lawyers said that the fraud suit, a state court action in California, is essentially a two-party action between Paley on one side, and Levinsohn, Radar founder Nova Spivack and Evri Inc., which eventually bought it, on the other.

The insiders had been litigating against Paley, but used Radar’s bankruptcy to put off a trial scheduled for February after a partial summary judgment order went against them, according to the motion.

The trustee does not have the resources to pursue the action himself, the stipulation says.

Paley will be responsible for the choosing the lawyers that prosecute the case.

“This agreement will eliminate delay and allow the claims against Levinsohn to proceed to a public trial,” said Trent Freeman, a spokesman for Paley.

Freeman said the defendants are expected to oppose the arrangement in order to delay the trial. A hearing is scheduled for July 27 in California bankruptcy court.

Paley is represented by Katherine D. Ray of Goldberg Stinnett Davis & Linchey PC.

The trustee is represented by Michael A. Issacs of McKenna Long & Aldridge LLP.

Levinsohn is represented by Eric J. Amdursky and Jennifer Taylor of O’Melveny & Myers LLP. Spivack is represented by Jonathan M. Reymann. Radar is represented by John Walshe Murray of Murray & Murray PC. Evri is represented by Stephen C. Willie of Savitt Bruce & Willey LLP.

The case is Paley v. Radar Networks Inc. et al., case number CIV-494701, in the Superior Court of the State of California, County of Mateo.

The case is In re: Radar Networks Inc., case number 11-bk-33990, in the U.S. District Court for the Northern District of California.

[surprisingly no mention made of Paul Allen’s Vulcan Capital, which orchestrated the fraud and fraudulent conveyance].

update: The Bible, Worddiamonds, trashed by Paul Allen’s Vulcan Capital, Ross Levinsohn of Yahoo

 

 

Why, for so little gain, beyond reputational and a few million dollars, pennies to them, are Ross Levinsohn of Yahoo and Paul Allen’s Vulcan Capital, still so determined to get away with defrauding Worddiamonds?

What has compelled them to attack us for these last 4 years- stealing all our development funds, destroying Worddiamonds patent pending website, and telling us how worthless we are, how unimportant, and bullying and threatening us at every turn? Why have they stopped the trial that exposes their fraud by the spurious argument they are now bankrupt? Come on, they are not bankrupt. Except it seems morally.

Their continued attempts at misinterpreting the law has never varied. Because they think it is so easy to get away with! They count on lies, lawyers, bullying and threats to make way for them. This is their modus operandi. 

Not all of the one percent of the %1 are dishonest.

But Paul Allen’s Vulcan Capital and the attorneys for Ross Levinsohn of Yahoo are furious that they as yet, haven’t completely buried us, outspent us, outbuzzed us. They cannot understand why their raging, threats, and bullying  isn’t working. So they continue. Its all they know. They cannot afford for this to be made public, and aired in an open court. It is unthinkable to them. But the more they lie, the higher the stakes.

 

 

  They are determined to prove our faith in God is wrong. They can’t stop scoffing at us- to them, we are so vulnerable, so easy to squash like a bug.  They are the Goliaths. We are David, with some stones, and a sling shot. We trust God to see us through, in His way, in His time, for His purposes.

Worddiamonds is free- we have not built this for the purposes of making money. But certainly we never expected everything to be stolen from us, by supposed pillars of the community, and for such chump change for these gentlemen. It’s a big Wow.

Ross Levinsohn of Yahoo, Steve Hall of Paul Allen’s Vulcan Capital, continue attempts to delay..

The response from defendants Ross Levinsohn of Yahoo and Steve Hall of Paul Allen’s Vulcan Capital, has been to delay, at every step of the way,  [ case # CIV494701 San Mateo County Superior Court ] this case from going forward, and to keep out evidence of their misdeeds from being aired in a public court of law.

Instead of taking responsibility their only thought is to shirk responsibility.

Again this week another new attempt on their part to delay the proceedings has been disallowed by the judge. [the next week they tried this same ploy to delay the trial going forward- see June 16 post].

We know from experience that these men consider themselves smarter and more clever than anyone else. Their arrogance and patronizing attitude which extends even to their view of the court system is wearying on everyone.

Their indifference to anyone’s interests beyond their own is remarkably consistent. It is the same indifference with which they carried out their fraudulent conveyance, the same sneering contempt with which they caused the theft and destruction of Worddiamonds for their own convenience and monetary gain, in the hopes this would somehow compel us to “freak out and throw more money at it” to somehow fix it.

Although Mr. Levinsohn saw what was going on, and said it was “evil”, he nevertheless threw in his lot with helping orchestrate the fraudulent conveyance, which could not have been accomplished without his complicity.

The defendants in this case truly cannot conceive of anyone else’s interests holding a candle to their exalted view of their own. They sincerely do believe their interests are far more important than other peoples. This is their world view, and they conduct themselves and treat others from this point of view.

They truly believe they are above being held accountable for anything or having to answer to anyone. They refuse  to take responsibility for their actions, and are affronted as well as dismissive towards anyone that dare ask them to do so, even a court of law.

Their continued attempts to stop the trial and keep the evidence out of the public view, more than anything, demonstrates this very attitude. The obvious and prolonged suffering they continue to inflict in the face of the courts rulings and the evidence against them really captures what kind of men they truly are. They are oblivious to the effects of their own cruelty- their deliberate ‘oppression with malice’ of others.

 

 

Coming Soon to a Theater Near You: How Yahoo’s Ross Levinsohn and Paul Allen’s Vulcan Capital stopped the trial that would have exposed their FRAUD (update)

at his annual Cannes bash

paul-allens-tatoosh-yacht

naturally, to avoid paying taxes, this yacht is registered in the Cayman Islands…

paul-allens-mega-yacht

 

 

 

 

 

Paul Allen American entrepreneur Paul Allen arrives at the Dolce & Gabbana Party held at the Baoli Restaurant during the 60th International Cannes Film Festival on May 25, 2007 in Cannes, France.

 

 

‘Their exultation was like those who devour the oppressed in secret’ Habakkuk 3:14

press release- SiliconValley VC JuryTrial Starts 2-27-1

The trial that had been scheduled for over 2 years to begin this past Feb. 27, 2012, was shut down the night before it was to begin, after Steve Hall, of Vulcan Capital, and Ross Levinsohn, of Yahoo, announced they too are a creditors of Radar, the company they engineered the shutdown and sale of, to a company called Evri.

Steve Hall sat on the boards of and effectively controlled both Evri and Radar.

The acquisition committee which allowed the fraudulent conveyance to take place and selectively transfer all of Radar’s assets to Evri was comprised of Mr. Levinsohn alone. He decided to ignore the law and just “see what happens”, confident that with money and muscle, by bullying, threats and intimidation, this fraud could prevail, dismissing any concern or regard for the law or any consequences unrelated to his own gain.

Ross Levinsohn and Steve Hall declaring at literally the very last minute before the trial was to begin [see case CIV494701 online at the San Mateo County Superior Court website] that they both are now also creditors of Radar, was done solely for the purpose of stopping the trial.

Although Mr. Levinsohn remarked that Mr. Hall’s conduct was ‘evil’, he went along with it anyway. Both of them now claiming they are creditors of the same company they orchestrated the shutdown and sale of, is another bad faith effort on both their parts to prevent their fraudulent activities from coming to light.

Having failed in their efforts to have the trial dismissed, and having failed at having the mountain of evidence, which is sky high, of their fraudulent activities excluded from being presented in front of a jury, here again is another instance of the lengths Mr. Hall and Mr. Levinsohn are willing to go ‘to get away with murder’ by perversely declaring they and others are actually owed money from the company Mr. Hall bought and shut down, (Mr. Levinsohn being complicit), [See TechCrunch, ‘Evri buys Radar’] while at the same time also boasting that Mr. Allen has never said ‘no’ to him.

This manipulation of the law to pervert it’s intent is of a piece with the fraud perpetrated on Worddiamonds. The disdain of the rights of others, the condescending dismissal and relentless disparagment, to objectify as a mere “obstacle” to their fraud, the rights of anyone other than themselves, has been demonstrated to the nth degree. For the movie version of the book that is coming out which documents this entire saga, their depositions alone will provide the actors with what are displays of such sneering smugness, the audience will be falling on the floor with laughter. Mr. Hall and Mr. Levinsohn’s attempts to obscure their actions with bogus legal acrobatics that mock not only our legal system but the law in general continue what is almost a parody of the white collar shell games sprouting up throughout the land.

How many others has Vulcan or Mr. Levinsohn stolen from, harassed, slandered, bullied, threatened, hacked, and much much worse, with such relentless intent to steal, oppress, destroy, and now cover up, using, at every turn, such spurious contortions of the law?

We are asking for the prayers of believers so that all that has been perpetrated against Worddiamonds be exposed and defeated, and for restoration of all.

We are called to stand against evil, not to let it roll over us and others. “All it takes for evil to triumph is for good men to do nothing’. This culture of greed and insider-trading with it’s dismissive attitude towards the law, is a cancer on our nation. It has to be confronted, even at the cost of our lives. Although taking a stand against corruption in this case has meant becoming a target of the most reprehensible slander- as if attempting to incite a mob in lynching, or burning at the stake, the one who speaks truth to power.

And yet we live in the United States of America, our freedoms preserved at the cost of mens lives. That imperceptible slide into the hypocrisy of the status quo is becoming, if not checked in time, an avalanche. Corruption brings ruin gentlemen, and ruin is not quantified by riches.

 In the name of Jesus Christ, Amen.

“For what shall it profit a man, if he shall gain the whole world, and lose his own soul?” Mark 8:36

 

 

 

 

 

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