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Reply to "GFR Falling apart?"
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[quote=Anonymous]I have read the complaint. It’s not very compelling. It has a bunch of unsupported allegations, many disputed by the club. The biggest allegation is that the Board didn’t approve of the TF contract. The Board presentation at the meeting, vetted by the lawyer, expressly disputes that. The rest are unproven allegations that there were small bore shortcomings in the club’s financial controls. Just the kind of thing a new Board member might be able to fix if they engaged constructively. Nothing particularly bad or large. Typical growing pains as a small club gets bigger. Certainly there’s probably some things that could be made better. No allegations at all showing anything that warranted the abrupt and destructive actions in early April, or explaining that damaging timing. However, it is true that I think the $71k disgorgement is meant to go back to the club, not to ML, so other than the request for attorneys fees, no one is trying to line their own pockets. Although not surprising non-lawyers might read it otherwise bc it’s not spelled out in plain English.[/quote]
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