exxon should pluvk em and give the proceeds away
death to ny pml sec 109 in a public immolation with immolation with hydrocarbons and a white phosporous chaser?
Exxon’s big court win exposes major malpractice in the New York Attorney General’s Office defense of NY PML SEC 109& its applicability to Nassau OTB
Thanks for the help. The item’s below. I’d be happy to mail you a copy, if you give me a mailing address.
Claude Solnik
Long Island Business News
2150 Smithtown Ave.
, NY 11779-7348
Home > LI Confidential > Stop scratching on holidays
Stop scratching on holidays
Published: June 1, 2012
Off Track Betting in New York State has been racing into a crisis called shrinking revenue. Some people have spitballed a solution: Don’t close on holidays.
New York State Racing Law bars racing on Christmas, Easter and Palm Sunday, and the state has ruled OTBs can’t handle action on those days, even though they could easily broadcast races from out of state.
“You should be able to bet whenever you want,” said Jackson Leeds, a Nassau OTB employee who makes an occasional bet. He added some irrefutable logic: “How is the business going to make money if you’re not open to take people’s bets?”
Elias Tsekerides, president of the Federation of Hellenic Societies of Greater New York, said OTB is open on Greek Orthodox Easter and Palm Sunday.
“I don’t want discrimination,” Tsekerides said. “They close for the Catholics, but open for the Greek Orthodox? It’s either open for all or not open.”
OTB officials have said they lose millions by closing on Palm Sunday alone, with tracks such as Gulfstream, Santa Anita, Turf Paradise and Hawthorne running.
One option: OTBs could just stay open and face the consequences. New York City OTB did just that back in 2003. The handle was about $1.5 million – and OTB was fined $5,000.
Easy money.
Exxon’s win Tuesday against New York state’s climate-change lawsuit couldn’t have been more complete: Not only did the judge find the Attorney General’s Office failed to prove fraud, he also blasted the case as “hyperbolic” — and praised Exxon.
State Supreme Court Judge Barry Ostrager said the state’s lawyers failed to show the company ever “made any material misstatements or omissions” that could mislead any “reasonable” observer.
The AG’s Office had claimed Exxon defrauded investors in violation of the Martin Act and other laws. But Ostrager flagged the “politically motivated statements by former New York Attorney General Eric Schneiderman,” who launched the Exxon probe — which show that the litigation was political from the start.
And to the finish, as the state couldn’t remotely back up its claims that Exxon waged a “longstanding fraudulent scheme” sanctioned “at the highest levels.” In reality, Ostrager wrote, the evidence “revealed that ExxonMobil executives and employees were uniformly committed to rigorously discharging their duties in the most comprehensive and meticulous manner possible.”
Schneiderman cynically launched a fishing expedition just to snag headlines and suck up to green extremists. But his successors let the witch hunt continue — so Attorney General Tish James and former AG Barbara Underwood deserve their share of Ostrager’s contempt.
Over years of “investigation,” the AG’s Office repeatedly shifted its theory of just what Exxon had done wrong, as evidence disproved its accusations to be false. The lawyers eventually went to court with a case essentially the same as one in which the Securities and Exchange Commission had already cleared Exxon.
Even then, they wound up dropping two key charges just before the trial ended — after forcing the company to spend millions, and disclose considerable proprietary information, in its defense.
Even under the AG-friendly Martin Act, the state’s attorneys failed to show that Exxon had deceived anyone, or tried to: There was zero reason for investors to care about the internal estimates in question.
Too bad Exxon can’t sue Schneiderman and his successors for the damage inflicted by their outrageous abuse of power.
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