Thread: Comair updates?
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Old 02-16-2011 | 09:39 AM
  #20582  
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RU4692
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From: Professional Monkey Trainer
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Originally Posted by evilboy
Not sure if you'd consider this factual (but you can always check it in the Securities and Exchange Commission), but "rumor" has it the Pres/CEO of Pinnacle is a sibling of RA's wife. RA used to be a large shareholder in Pinnacle. However, when the talks to unload Mesaba to Pinnacle began, he had to "sell" those shares because it would be a conflict of interest. "Rumor" has it the buyer of said shares happens to be RA's wife. That's how they got around the SEC. So, what do you think?.
I think if that is true...RA should have some "splaining to do."

From what I've read on the "Dodd–Frank Wall Street Reform and Consumer Protection Act" and the "Investor Protection and Securities Reform Act of 2010" there are direct responsibilities that executive officers can be held accountable for non-transparent motives.

I also believe that the SEC is now rewarding whistleblowers up to 30% of sanctions over 1 million imposed on fraudulent corporations that are exposed. This is geared more towards Investment Corporations practicing fradulent principles such as BLMIS. (Bernie L. Madoff Investment Securities)

Myself, I am not willing to go as far as attempting to expose corruption or make accusations against a billion dollar corporation such as Delta. From my limited knowledge of Finance, and law interpretation, I’m not willing to make accusations I could be held liable if not 100% accurate. Personally, I’m not willing to fight a Goliath of this magnitude, not without professional representation and assistance. I would want to make damn sure all my ducks were in a row before lighting that fuse.

I am however, interested in any lawsuits ALPA or anyone else has filed concerning unfair business practices. It would be interesting to bring closure to questions I’ve had about RA and Comair.
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