Brookfield the Defendant: a Bombshell Lawsuit
Brookfield is the defendant in a wrongful termination suit that includes allegations of bribery, securities violations, mistreatment of limited partners and a corporate cash crunch.
Sometimes light shines in from unlikely sources. In this case, a wrongful termination suit in California illuminates seldom seen, inner workings of the Brookfield group – and it isn’t pretty. There is bribery, securities violations and talk of a cash crunch, to name a few alleged misdeeds and problems.
In my view, the detailed and apparently well-documented allegations outlined in the complaint support my long-standing view that there is trouble in the Brookfield empire.
We encourage all to read the complaint. In it, you will find:
Allegations of bribery that to me suggests financial porn is used to guide decisions in unethical ways
Allegations of securities violations, where overstatement of results were apparently used to build confidence with investors
Disclosure of an SEC investigation- apparently resulting from the plaintiff’s whistleblower report
An admission by a key Brookfield official state that the corporation does not have the cash to meet its commitments to the funds managed by the plaintiff
Specific examples of decisions that benefit Brookfield and management at the expense of limited partners
Corporate blacklisting – where Brookfield employees systematically attempt to damage or destroy the reputation of the plaintiff
Here is a full copy of the 100 page complaint.
This is huge! Looking forward to reading the answer to the complaint. Please provide if possible. Many thanks.
Never forget Graftech. Nobody should be “partners”with these people.