Sign up for a web hosting account at 741.com

Network Map    Case PDF Files   Message board   GTS Management  Audio  Sec Fillings   Yahoo! Message board 

Refocuses on High-End Broadband and Data Services     Summary: Global Telesystems Group :  By H Brian Thomson CEO

 

Welcome to GTS Shareholders Forum. This site was developed by a group of investors to store and reference  information needed to successfully litigate and defend Global Telesystems shareholder interests.  Our message board is used to communicate among other members and provide insight and up to the minute info on our progress. We are not advertising for Global Telesystems nor are we advising on its securities.     

GTS Security Fraud Case                           

                                                    Stock Fraud lawyer network 

12:58:51GMT, 12 June 2002

To assist us in our securities fraud litigation against Amman, Lewis, Raclin and Schriesheim, I am seeking assistance from those with information about the activities of former GTS management over the past two years in "restructuring" the company and handing it over to KPNQwest in a prepackaged bankruptcy, in exchange for nearly $21 million in compensation to three of the four, and undisclosed compensation to Lewis. I am particularly interested in the actions of Amman, Lewis, Schriesheim, Raclin, Von Deylen and others involved at the highest levels. I am interested in details concerning the negotiation and approval (by the board of directors or the compensation committee????) of the vastly increased compensation to Amman, Schriesheim and Raclin, totaling nearly $21 million, as well as the compensation to Lewis and Von Deylen. I am interested in details of the negotiations with KPNQwest, dating back to at least June 2000. I want to know more about the "debt-for-equity" swap negotiations in the spring and summer of 2001. I want to know more about the NYSE delisting hearing in August 2001, and about the twice-cancelled (June 14, 2001 and September 5, 2001) annual shareholders' meeting, which was never held. Anything anyone can provide, information, documents, theories, could be quite helpful. Also, it may be possible to amend our complaint to add more plaintiffs, so I encourage former GTS shareholders, including former employees, to contact me to register their interest. Thank you in advance for your assistance.

David E. Kaplan, davidksra@erols.com
Member, Steering Committee, USA, but fighting for justice for all shareholders, Global TeleSystems Securities Fraud Litigation

[ Other Links ] 

[1] Totaltele.com
[2] Computer Business Review Online
[3] The Register
[4] internetnews.com