Steven “Laser” Haas is the owner and sole shareholder of Collateral Logistics Inc. (CLI) the firm which was retained to oversee the liquidation of assets in the bankruptcy of eToys in 2001. During the process of liquidating the company Haas came across irregularities, unethical practices and outright criminal acts originating from the top at Bain Capital (Mitt Romney’s asset management firm), Goldman Sachs, Kay Bee Toys and Stage Stores, all of which were involved in the machinations to sell eToys for mere pennies to Bain through its interest in Kay Bee. Haas filed his suit under a provision of the RICO (Racketeer Influenced and Corrupt Organizations) statute which allows a plaintiff to become a “Private Attorney General” when it is necessary in order to address “Prosecutorial Gaps.” According to Haas, that gap was created by Colm F. Connolly, former United States Attorney in Delaware who had been a partner in the law firm of Morris, Nichols, Arsht & Tunnell (MNAT) in 2001, alleging he had failed to disclose that fact while also neglecting to investigate the complaints which Haas had lodged....
Posted on: Sat, 08 Nov 2014 00:11:55 +0000
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