Fwd: FTC and COUQ

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<jeeproject@yahoo.com>

I sent the attached memo to you on Friday, but just in case, I am sending it again. I left a message for Steve and spoke to Jason Levin, explaining that while I do not disagree with the basic theories of liability outlined in the memo, what we were supposed to receive was a more detailed factual time-line, so that we can review the facts as a group and determine which ones to present and how to present them during the telephone call with Bear's attorney. Telling Bear's attorney that we will bring a claim for fraudulent inducement and common law fraud for $20 MM, without going into certain facts regarding, for example, Warren's misrepresentations reckless behavior, is not going to cause them to deal with us separately from everyone else. The presentation has to be specific and demonstrate unique facts to our case, as well as particularly harmful facts against Bear. In any event, I left a message for Steve to call me after his deposition today and will discuss that with steve in detail. If you have anything you want to add, please let me know.

Darren K. Indyke
Attorney-At-Law
457 Madison Avenue
4th Floor
New York, New York 10022
Tel: 212-750-1176
Fax: 212-750-0381
e-mail: dkiesq@aol.com

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From:	Jason Levin <jlevin@samlegal.com>
Subject:	FTC and COUQ
Date:	Fri, 11 Apr 2008 20:24:03 GMT
To:	dkiesq@aol.com
Cc:	Steven Storch <sstorch@samlegal.com>

Darren

Attached please find three documents. The first document is the revised engagement letter reflecting our discussion on Tuesday. The second document is a redline version of the engagement letter comparing the current version to the prior version you reviewed. Finally, attached is a memorandum reflecting our current thinking.

Regards,

Jason

Jason Levin

Storch Amini & Munves PC

2 Grand Central Tower, 25th Floor

New York, New York 10017

Tel: 212.490.4100

Direct: 212.497.8218

Fax: 212.490.4208

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