CARE TO CONTRIBUTE?
TIPS, COMMENTS and QUESTIONS are always welcome (and strictly confidential).
Contact The Daily Caveat via:
Or just
read the feed...
Previous Posts
- Waste Management Faces $30 Million Judgment from SEC
- Companies Turn to Investigators to Stop Internal F...
- KPMG to Pay Half a Billion in Settlement
- FACT SHEET: CORPORATE FRAUD TASK FORCE
- Tort Reform Group Advocates Litigation Against Mil...
- Treating Voicemail as a Discoverable Electronic Re...
- China's The Standard Profiles Jeremy Kroll, Kroll ...
- Corporate Crime Reporter Lists Top Ten Prosecutors
- Chief Compliance Officers Take Center Stage
- (Friends of the) Earth v. Watson
8/30/2005
SEC Subpoenas Mr. Incredible, Jack Jack
SEC Subpoenas Mr. Incredible, Jack Jack
In the unintended irony department, the SEC has requested data from animation giant and raving lot of geniuses, Pixar regarding the dissapointing DVD sales of the company's recent blockbuster, The Incredibles. As anyone who has seen the movie will no doubt remember, the super-heroes (or "supers") in Brad Bird's pseudo-Randian action comedy are put out to pasture through the zealous efforts of plaintiff attorneys.
How the SEC probe will effect Pixar's distribution partner, The Walt Disney Company - if at all - is as yet uncertain.
Via the Chicago Tribune:
The Incredibles was Brad Bird's first feature with Pixar. Bird was a refugee from the now defunct Warner Brothers animation studio where he produced the critically adored but commercially underwhelming Iron Giant. The Incredibles, which, while kid-friendly, skewed tonally to a more adult audience that Pixar's past efforts, grossed $631 million worldwide and was among the top five domestic performers of the year.
A related story which may quell the SEC's somewhat, is the overall softening of the home DVD sales market. Perhaps savvy consumers like The Daily Caveat (who's DVD collection is legend) have seem the writing on the wall that the days are numbered for the format, with either blue ray or HD-DVD waiting in the wings. More likely DVDs sales are suffering from the combined effects of rampant movie piracy, the proliferation of content on demand services through cable providers and the glory that is Netflix.
-- MDT
How the SEC probe will effect Pixar's distribution partner, The Walt Disney Company - if at all - is as yet uncertain.
Via the Chicago Tribune:
PIXAR: SEC makes informal request for dataThe original article appears here.
Associated Press
Published August 27, 2005
Pixar Animation Studios Inc. said Friday that it has received a request for information from the Securities and Exchange Commission, a move that comes less than two months after the SEC made a similar request of Pixar rival DreamWorks Animation SKG Inc.
Emeryville, Calif.-based Pixar, which makes animated films such as "Finding Nemo," declined to say what regulators wanted. But in a brief statement Pixar acknowledged it had received "an informal request for information from the SEC, as companies do from time to time, and we believe we have fully complied with that request."
Analysts who cover Pixar suspect that the SEC wants to learn more about why DVD sales of the movie "The Incredibles" fell short of expectations and whether the company should have notified investors sooner.
The Incredibles was Brad Bird's first feature with Pixar. Bird was a refugee from the now defunct Warner Brothers animation studio where he produced the critically adored but commercially underwhelming Iron Giant. The Incredibles, which, while kid-friendly, skewed tonally to a more adult audience that Pixar's past efforts, grossed $631 million worldwide and was among the top five domestic performers of the year.
A related story which may quell the SEC's somewhat, is the overall softening of the home DVD sales market. Perhaps savvy consumers like The Daily Caveat (who's DVD collection is legend) have seem the writing on the wall that the days are numbered for the format, with either blue ray or HD-DVD waiting in the wings. More likely DVDs sales are suffering from the combined effects of rampant movie piracy, the proliferation of content on demand services through cable providers and the glory that is Netflix.
-- MDT
On June 26th, 2008 Jay Draiman says:
Nachshon Draiman, Chicago – a disgruntled owner and operator of a Natural Gas Supply company and Nursing Homes – who was caught by his brother Yehuda Jay Draiman and others was stealing from employees, customers, suppliers, banks and his partners including his own blind elderly mother. Initiated a campaign of smear and fraud with the presentation of fraudulent documents (a common practice) to the courts. State and Federal court records are replete with lawsuit and litigations against Nachshon Draiman and his businesses, Multiut, Future Associates and various Nursing Homes operated by Nachshon Draiman.
The revocation of the Nursing Home license which was issued in 1975 initiated Nachshon Draiman’s involvement in syndicating the purchase of numerous Nursing Homes in the Chicago metro area – the whole pyramid was based on fraud and deception by obtaining his license through fraud. (Some of the nursing homes were closed down and or forced by State officials to be sold). Lawsuits for patient’s abuse and causing the death of a patient are common, including bank fraud confirmed by former Assistant U.S. Attorney Brian Ellis. A major lawsuit by Dynegy vs Nachshon Draiman, Multiut, Future Associates Case No. 02 C 7446 for $22 million – numerous contempt of court orders and a $45 million by Israel Discount Bank for fraud, just to name a few, Utility billing fraud Gore vs. Multiut No. 01 CH 19688.
Buying a Whistleblower case from the courts in order to solidify his cover-up of the fraud.
Nachshon Draiman, Chicago – nursing home administrator license (044001323) revoked and fined
Illinois Department of Financial and Professional Regulation
NEWS
IDFPR
Disciplinary Actions for January 2008 SPRINGFIELD
The Illinois Department of Financial and Professional Regulation (IDFPR)
announced today that the Directors of the Division of Professional Regulation, Daniel E. Bluthardt, and Insurance, Michael T. McRaith, signed the following disciplinary orders in January. Orders for the Division of Banking were authorized by Director Jorge Solis.
NURSING HOME ADMINISTRATOR
Nachshon Draiman, Chicago – nursing home administrator license (044001323)
revoked and fined $2,000 for misrepresenting information in his application concerning postgraduate education degree, to obtain nursing home administrator licensure from the Department.
For additional information see: www.nachshondraiman.net
Honorable John A. Nordberg: Enter Memorandum Opinion and Order.
For the reasons set forth above, defendants motion for summary judgment is granted, and judgment is granted to plaintiff, and against defendants Multiut and Nachshon Draiman
Case 1:02-cv-07446 Document 228 Filed 06/11/2008 Page 1 of 1
UNITED STATES DISTRICT COURT
FOR THE Northern District of Illinois − CM/ECF LIVE, Ver 3.2.1
Eastern Division
Dynegy Marketing and Trade
Plaintiff,
v. Case No.: 1:02−cv−07446
Hon. John A. Nordberg
Multiut Corporation, Nachshon Draiman, Future Associates, et al.
Defendant.
NOTIFICATION OF DOCKET ENTRY
This docket entry was made by the Clerk on Wednesday, June 11, 2008:
MINUTE entry before the Honorable John A. Nordberg:Enter Memorandum
Opinion and Order. For the reasons set forth above, defendants motion for summary judgment is granted, and judgment is granted to plaintiff, and against defendants Multiut and Nachshon Draiman, on Counts I and II of plaintiffs amended complaint, in the amount of
$15,348,244.72 plus interest accruing from October 1, 2004. Judgment is granted for plaintiff and against defendants on Counts I through VI of defendants
counterclaims.Status hearing set for 10/2/2008 at 2:30 PM. [183],[196]Mailed notice(tlp, )
ATTENTION: This notice is being sent pursuant to Rule 77(d) of the Federal Rules of Civil Procedure or Rule 49(c) of the Federal Rules of Criminal Procedure. It was generated by CM/ECF, the automated docketing system used to maintain the civil and criminal dockets of this District. If a minute order or other document is enclosed, please refer to it for additional information.
For scheduled events, motion practices, recent opinions and other information, visit our web site at www.ilnd.uscourts.gov.
www.nachshondraiman.net