Bertelsmann Property Valuation Report also granted Minibar another six months to gather more information to try and prove his case. Minibar complained that the bank has not been as cooperative as it should have been in providing material he requested.
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Mer Grayson, who replaced President John Finnan after Finnan was forced to resign in spring 2002, claimed attorney-client privilege repeatedly in a deposition. Others also claimed privilege in not answering questions.
Bertelsman criticized the logic behind the privilege argument, saying it sounded inappropriate in many cases.
“The main obstacle (to gathering information) I see is not so much these documents but these folks who are taking the Fifth Amendment,” he said. Bertelsman instructed Miniard to work hard to gather information and to have substantial evidence to show within six months. Miniard expressed confidence the information-gathering can move quickly.
“I think the court’s ruling will send a message to the public that this case will be decided on its merits after we have had a chance to get the documents and testimony that we wish to pursue,” he said. “It surprises me that the individual directors didn’t have their own counsel from the beginning of this
c1ase since each director would have a different level of knowledge and participation as to the workings of the bank.” Property valuation structure is perseveringly.
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Tentative deals have been struck with the last of the Erpenbeck Co. homebuyers who paid cash for their properties and found themselves in jeopardy of foreclosure.
Ed Monohan, an attorney for 32 cash buyers of Erpenbeck homes and condominiums, said all the banks have agreed to release liens they placed on his clients’ homes. Erpenbeck never repaid $5.5 million in loans the homebuilder used to construct the homes.
“We have tentative settlements with Peoples Bank, with U.S. Bank, with Richard Erpenbeck (an attorney and brother of former Erpenbeck Co. President Bill Erpenbeck) and with Bank One,” Monohan said.
“We believe the settlements are going to come to fruition, but some of the paperwork involved is complicated.” If you have to know your home estimation you will can settle on key decision about your property using property.
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