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Topic: Ronald Perelman

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	In West Palm Beach, a billion-dollar clash of the titans - Courttv.com - Trials
		To correct the "prejudice" to Perelman because of Morgan Stanley's conduct, Maass has told the jurors to accept as fact that the investment bank assisted in a fraud.
		Perelman, who controlled Coleman, sold it to Sunbeam in 1998 for $1.5 billion, including $680 million in Sunbeam stock.
		Perelman is expected to testify, perhaps as soon as Thursday.
	www.courttv.com /trials/perelman/041305_ctv.html (1090 words)

	97cv08435 97cv01895 Fant v. Perelman et al. (Mafco aka Marvel) - 7/24/97 Class Action Complaint
		Perelman participated in the drafting, preparation, and/or approval of the various press releases and other communications complained of herein and was aware of or recklessly disregarded the misstatements contained therein and omissions therefrom, and was aware of their materially misleading nature.
		Perelman because of his positions of control and authority as an officer and/or director or controlling person of Marvel, Andrews, MacAndrews and/or Mafco, was able to and did control the contents of the various quarterly and annual financial reports, press releases and presentations to securities analysts pertaining to these companies and their affiliates.
		Perelman was provided with copies of press releases and other disseminations alleged herein to be misleading prior to or shortly after their issuance and had the ability and opportunity to prevent their issuance or cause them to be corrected.
	securities.stanford.edu /1004/MRV97/001.html (6025 words)

	Washingtonpost.com Special Report: Clinton Accused
		Perelman was one of the original barbarians at the gate, a young man from Philadelphia armed with a quiver full of Drexel Burnham junk bonds who invaded Wall Street in the early 1980s and transformed the place.
		Perelman evinces no desire to assume Rohatyn's crown as the philosopher king of Wall Street (although he now counts Rohatyn, who once denounced Perelman as the very embodiment of the arriviste, among his informal advisers).
		Perelman has found some consolation, say friends, in the knowledge that he forced Duff to sign a "truly terrible pre-nuptial agreement." And he has passed his time dating a series of 20- and 30-somethings, among them Eleanor Mondale, the statuesque daughter of the former vice president.
	www.washingtonpost.com /wp-srv/politics/special/clinton/stories/perelman020698.htm (2674 words)

	Expert: Perelman Lost $680M on Sunbeam Deal (Site not responding. Last check: 2007-10-10)
		Under examination from Perelman's lawyer, Ronald Marmer, Nye said the figure of $680 million is based on an average trading price of $48.26 for Sunbeam's stock from March 2, 1998, when the deal was announced, and its close March 30.
		Perelman received 14.1 million Sunbeam shares, as well as $160 million cash and $521 million in assumed debt, in return for his stake in Coleman.
		Morgan Stanley counsel Mark Hansen sought to discredit Nye's valuation of Perelman's loss on the basis that it was a projected value of a combined entity and didn't include any liquidity discount for the fact the shares were subject to a lock-up period and unregistered.
	www.comcast.net /data/news/2005/04/26/117059.xml (531 words)

	AskMen.com - Ron Perelman
		Perelman shows us how someone can epitomize the ruthless corporate raider-investor, make tons of cash, but still keep his nose clean.
		Ron Perelman, now one of the 100 richest men in America, made a name for himself when he bought out Revlon in one of the most publicized hostile takeovers of the 1980s.
		Ronald Owen Perelman was born in 1944, and grew up in Philadelphia, where his father owned a sheet-metal manufacturing operation.
	www.askmen.com /men/business_politics_60/67_ron_perelman.html (441 words)

	Lawyers USA: TOP TEN JURY VERDICTS OF 2005
		Perelman's lawyers took care in every aspect of the trial - from jury selection to the witnesses they presented - to ensure that the jury understood the extent of Morgan Stanley's fraud.
		Perelman replied each time that he would never have entered the deal if Morgan Stanley hadn't assured him it was a good investment.
		Perelman's testimony to be persuasive," Scarola said, "and this case could not have been proved without very compelling testimony from Mr.
	www.lawyersweeklyusa.com /usa/1topten2005.cfm (1370 words)

	UPHS News: Raymond and Ruth Perelman Donate $25 Million to Name PENN Medicine’s Center for Advanced Medicine (Site not responding. Last check: 2007-10-10)
		Perelman serves as a PENN Medicine Trustee, and is a 1940 graduate of the University of Pennsylvania’s Wharton School of Business.
		Perelman are Trustees of the Raymond and Ruth Perelman Education Foundation, Inc. – which supports Jewish cultural and welfare organizations, as well as arts and history museums, and other cultural institutions.
		Ronald Perelman is a Trustee of the University of Pennsylvania, a member of the Wharton Board of Overseers, and a former member of Wharton's Graduate Executive Board.
	www.uphs.upenn.edu /news/News_Releases/nov05/PerelmanCAM.htm (1039 words)

	The two Americas: Ronald Perelman's $1.45 billion and the fate of Sunbeam's workers (Site not responding. Last check: 2007-10-10)
		Perelman sued investment bank Morgan Stanley, which was advising Sunbeam, on the grounds that it had disguised the appliance maker’s troubled finances.
		Perelman originally asked for $20 million, received $1.45 billion from the Florida jury and may be obliged to settle for only hundreds of millions.
		As for Ronald Perelman, Dunlap’s partner in the Coleman deal—which many suspected was an attempt by Sunbeam to disguise losses through write-offs—we have already seen that he has not suffered too greatly.
	www.wsws.org /articles/2005/may2005/perl-m21.shtml (1899 words)

	Morgan Stanley Judge Declines Mistrial
		Morgan Stanley and billionaire investor Ronald Perelman asked a judge today to declare a mistrial of his lawsuit claiming $2.7 billion in damages from his sale of Coleman Co. to Sunbeam Corp. in 1998.
		Perelman's team asked that the three jurors be removed from the nine-member jury.
		Perelman is suing Morgan Stanley seeking $2.7 billion.
	www.comcast.net /data/news/2005/04/26/117110.xml (718 words)

	Don't Mess With Me - Forbes.com (Site not responding. Last check: 2007-10-10)
		Perelman's fortune, largely amassed through the acquisitive MacAndrews andForbes (no relation to this magazine), is $6 billion, we figure, ranking him number 34 on the list of richest Americans (see The Richest People in America).
		Yet for all that fragmented focus Perelman is singularly obsessed with Revlon, a problem bride he bought in 1985 in a hostile takeover for $1.8 billion, financed by junk bonds from the renowned Michael Milken of now-defunct Drexel Burnham Lambert.
		Ronald, then 35, had argued he was ready to be president of Belmont; Raymond said he wasn't.
	www.forbes.com /free_forbes/2005/1010/050.html (2127 words)

	Timing of Golden State deal proves perfect for Perelman - Investments & Finance - Ronald O. Perelman; Golden State ...
		Perelman has fared relatively welt in the thrift industry, which he entered in 1988 by purchasing five failed savings and loans in Texas from the federal government.
		Perelman had 80 percent of the stock; the rest belonged to Gerald Ford, its chairman and chief executive.
		Perelman would only have to pay the 3 million shares, or the cash equivalent, if Golden State traded for less than $26.50 when the contract matured this December.
	www.findarticles.com /p/articles/mi_m5072/is_23_24/ai_91213517 (976 words)

	Forbes Faces: Ronald Perelman - Forbes.com (Site not responding. Last check: 2007-10-10)
		And because Perelman was famously fond of cigars, it only made sense that he invested about $180 million in Consolidated Cigar Holdings in 1992.
		A high-profile Democrat, Perelman was previously married to socialite Patricia Duff, a friend of President Clinton's.
		Perelman was also the man Vernon Jordan turned to in hopes of finding a job for a little-known White House intern named Monica Lewinsky.
	www.forbes.com /2000/11/02/1102faces.html (502 words)

	Perelman Blasts Morgan's Appeal of $1.45B Award
		NEW YORLK -- Financier Ronald Perelman slammed Morgan Stanley's appeal of the $1.45 billion award he won last May after suing the investment bank for fraud, The Wall Street Journal reported Tuesday.
		In a brief filed Friday in the Fourth District Court of Appeal for Florida, Perelman said the trial court acted appropriately in applying Florida law, and that neither the sanctions it imposed on the investment bank for misconduct related to its failure to produce documents for the case, nor the damage awards, were excessive.
		Perelman, chairman of cosmetics giant Revlon Inc., was awarded $604.3 million in compensation and a further $850 million in punitive damages to punish Morgan Stanley for its misconduct in defrauding the financier when he sold his camping-gear company to the bank's client, Sunbeam Corp., in 1998.
	www.nysscpa.org /home/2006/206/3week/article21.htm (143 words)

	$1.4 billion awarded to investor / Morgan Stanley misled Perelman, Florida jury rules (Site not responding. Last check: 2007-10-10)
		The decision brings to $1.45 billion the total owed to Perelman and casts more unflattering light on Morgan Stanley's legal reputation as it fights a punishing campaign by eight retired executives who are calling for the ouster of Philip Purcell, its chief executive.
		In an unusual ruling, the judge hearing the case, Elizabeth Maas, ordered the jury to take as granted that Morgan Stanley and Sunbeam acted together in the fraud because of what she called obstructionist behavior on the part of Morgan Stanley, which she claimed was withholding evidence.
		Perelman's lawyers said that Morgan Stanley had purposely violated court orders by not turning over evidence that it requested, putting it at a legal disadvantage.
	www.sfgate.com /cgi-bin/article.cgi?f=/c/a/2005/05/19/BUGIQCR72L1.DTL (653 words)

	deseretnews.com \| Jury awards financier $850 million more (Site not responding. Last check: 2007-10-10)
		As a result, Perelman had to prove at trial only that he relied on the fraudulent statements when deciding to sell his controlling stake in the camping equipment company.
		Sunbeam filed for bankruptcy protection in 2001 after its financial troubles were discovered, and Perelman alleged he had lost millions because 14.1 million shares of Sunbeam stock he received in the deal plunged in value.
		Perelman claimed Morgan Stanley deceived him because it stood to earn $40 million from Sunbeam's acquisition of Coleman.
	deseretnews.com /dn/view/0,1249,600134939,00.html (490 words)

	VANNINI v PERELMAN - Legal Case Documents
		Perelman, et al., Del. Ch., C.A. No. 18850-NC Dear Vice Chancellor Strine: We represent defendants Mafco Holdings Inc., Mafco Consolidated Group&c., Ronald Perelman and Howard Gittis in the above=captioned case.m~On Friday, April 27, we received copies of the Complaint and a Motion for Expedited Discovery (the "Motion") in this action from plaintiff Jonathan P. Vamrini.
		Perelman's representatives and a Special Committee of the MFW board of directors.
		Perelman ("`Perelman"), a director of M&F and various entities under his control.
	www.legalcasedocs.com /120/246/383.html (805 words)

	Jury deliberates on billionaire's fraud suit - May. 13, 2005
		Perelman is seeking to recoup his losses and an additional $2 billion in punitive damages.
		Perelman's attorney Jack Scarola argued that Morgan Stanley and Sunbeam's chief executive officer, Albert Dunlap, had financial motives to commit the fraud, according to the report.
		Perelman's lawyers sought to convince jurors that Perelman relied on false statements by either Morgan Stanley or Sunbeam in making the deal and that he sustained financial losses as a result of that information.
	money.cnn.com /2005/05/13/news/fortune500/perelman (645 words)

	FOXNews.com - Perelman Gets $1.45B in Damages From Morgan Stanley - Business And Money \| Business News \| Financial News
		In a closing statement at the end of the punitive-damages phase of the trial, a Morgan Stanley lawyer had urged the jury not to heed attempts by Perelman's attorneys to "stoke your anger" and undermine the bank as a bulwark of the U.S. economy.
		Perelman, chairman of cosmetics company Revlon Inc. (REV), sold Coleman for $1.5 billion in cash, assumed debt and Sunbeam stock but the shares soon became worthless when it was revealed that Sunbeam's accounts were based on large-scale fraud.
		Perelman's attorney, Jack Scarola, however, asked the jury to award between $1.2 billion and $1.8 billion in punitive damages.
	www.foxnews.com /story/0,2933,156979,00.html (720 words)

	Ronald Perelman - Wikipedia, the free encyclopedia
		Ronald Owen Perelman (born January 1, 1943) is a wealthy American investor and businessman, who appears 94th on the Forbes The World's Richest People, with an estimated wealth at USD$7 billion
		Perelman is ranked as the 40th wealthiest American according to Forbes.
		In May 2005, a jury in West Palm Beach, Florida, found for Perelman in his lawsuit against Morgan Stanley, the brokerage firm, on the grounds that Morgan Stanley helped appliance maker Sunbeam falsify its financial condition at the expense of investors such as Perelman.
	en.wikipedia.org /wiki/Ronald_Perelman (377 words)

	Perelman - Wikipedia, the free encyclopedia
		Eliezer Yitzhak Perelman (1858-1922), was responsible for the revival of Hebrew as a spoken language.
		Ronald Perelman, a wealthy investor and businessman who appears 94th on the Forbes 2006 The World's Richest People (34th in the USA).
		Yakov Perelman, a Russian author, who is credited with writing science books for children.
	en.wikipedia.org /wiki/Perelman (157 words)

	Houston's Clear Thinkers: Fallout at Morgan over the Perelman lawsuit (Site not responding. Last check: 2007-10-10)
		Morgan began its search for a new general counsel toward the end of the Perelman trial when the firm named prominent lawyer David Heleniak as a new vice chairman with oversight of the general counsel's office.
		Perelman sued the firm in 2003 for its role in advising Sunbeam Corp. in 1998 when the billionaire sold his 82% stake in camping gear company Coleman Inc. to Sunbeam, which was a Morgan Stanley client.
		Perelman that the firm would attack him personally if he proceeded with the lawsuit.
	blog.kir.com /archives/002044.asp (460 words)

	The Perelman Brief [Fool.com: Motley Fool Take] May 17, 2005
		Perelman's advisors did voice concerns, particularly with Sunbeam's use of "bill-and-hold" accounting.
		In the end, the jury sided with Perelman in a judgment for $604 million, believing that he relied on Morgan's bankers.
		Of course, there is also the damage from the proverbial "court of public opinion." In light of eight former Morgan executives' recent effort to unseat the current CEO, the Perelman verdict is another fl eye for the firm.
	www.fool.com /News/mft/2005/mft05051709.htm (525 words)

	Tales From the Database - Mile High Comics, Chuck Rozanski
		If Perelman's team had simply acknowledged that they had pushed the envelope too far in their haste to go public, they then could have concentrated on restoring quality to the books, and all might have been all right.
		At the same time as Marvel was going deeply into debt internally, Perelman convinced an army of gullible investors to purchase $900 million in zero coupon bonds, with the only collateral backing the bonds being his ownership of 60% of Marvel's stock.
		Perelman simply wanted to make a buck, and seemingly cared not in the least if there was a world of comics left when he was through.
	www.milehighcomics.com /tales/cbg38.html (1134 words)

	PlaybillArts: News: Carnege Hall's Stage To Be Named After Major Donor
		Perelman's gift will be used to fund education programs, such as American Roots, Carnegie's new program for New York City middle-school students, which explores the role of the blues, jazz, gospel, bluegrass, and Native American music in American history.
		Perelman said, “It is essential that we provide our young people access to compelling educational opportunities as well as great music and artistic possibilities.
		Perelman is the chairman and chief executive officer of MacAndrews & Forbes Holdings, an investment firm that controls stakes in of Revlon and other companies.
	www.playbillarts.com /news/article/4044.html (412 words)

	Perelman Wins $604M from Morgan Stanley - CFO.com
		Perelman had claimed that when he sold his 82 percent stake in Coleman Co. to Sunbeam Corp. in 1998, for $1.5 billion in stock and cash, he had been defrauded by Morgan Stanley, his adviser in the deal.
		Florida State Judge Elizabeth T. Maass, who is presiding over the case, ruled in March that because Morgan Stanley failed to turn over e-mails related to the Coleman deal, jurors should assume that Morgan Stanley helped Sunbeam inflate its earnings.
		As a result of this ruling — intended to help right the wrongs done to Perelman, which the Times noted is a discretion afforded to judges under Florida law — Perelman needed to prove only that he relied on Morgan Stanley's advice and not that the bank was complicit in any fraud.
	www.cfo.com /printable/article.cfm/3982528?f=options (428 words)

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