Log in
Judge, Hide More
eToys is the governmental coverup of hedge fund and lawyer bankruptcy ring corruption that just keeps on giving

Seriously, as if Roberta DeAngelis hasn't had her tired carcass dragged through enough dark alleys yet.  Even Mark S. Kenney is still vying for his DOJ miss the mark hall of fame award.

The boobs who are now looking to have a federal judge hide the recent eToys settlement have an insurmountable hurdle to prove legitimate reasons to place the documents under seal.  Let's be serious, the company was liquidated long ago, and we agree with Laser's take that the settlement "will only help people who have engaged in conflicts of interest."

New readers of BankruptcyMisconduct may not know about the featured cover up order which sullied Smelly Kelly Stapleton which we called "Judge, Hide This".  Now a few years later, it seems the U.S. Trustee's office can't take it any longer.  Perhaps an explicit quid pro quo could not be renegotiated, or an implicit career jockeying quid pro quo has proven untenable in retrospect.  We don't know, and only a Federal Special Prosecutor may be able to get to the bottom of the EOUST flip flop.  In any event, we thought ya'll might enjoy a taste of the Objection to the Request for a Judge to Hide More.

Oh this pesky internet, the motion to have the court approve the spoliation of evidence (along with lots of other proof) is available to academics and clean prosecutors all over the place like here: http://petters-fraud.com/MNAT_Motion_Destruction_Books_n_Records.pdf

And now even Facebook is getting into the Fight The Power of Government Corruption game:



By Tom Hals 
WILMINGTON, Del. (Reuters) - A proposal to keep secret a settlement resulting from the dot-com era bankruptcy of eToys Inc has prompted the office of the U.S. Trustee to cry foul.


Steven {"Laser"} Haas, who was hired as a litigation consultant in the bankruptcy and then barred from participating for criticizing the process, said sealing the settlement "will only help people who have engaged in conflicts of interest." 

The eToys bankruptcy has its roots in its spectacular stock market debut in May 1999. Goldman Sachs priced the stock at just under $20 per share, and the stock closed the first day trading at around $75. 

The eToys saga has also drawn criticism for Bain Capital, whose KB Toys bought some assets at a knockdown price during the bankruptcy