The Very Latest Candace Conti vs. The Watchtower News

by God_Delusion 38 Replies latest watchtower scandals

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  okage

  maybe its because im a bastard at heart but i think i see political manuevering hidden under their legal motions.

  candace made the public claim that it wasnt about the money. the society wasnt ordered to change their policy or to adhere to a supplemental policy.

  they are going to spend years lowering the figure for one of two outcomes. its already been established on two threads that this is chump change to the wts.

  outcome 1 they lower the price of the award and candace agrees until its not even worth having.

  outcome 2 they try to lower it and candace disagrees. if you made countless billions would 17 million be alot to prove to your followers that this case was by a greedy apostate who wanted money...
• 

  maisha

  Is that how Christ would do things?

  I seriously doubt it is

  Even the Cathloic church fonts up to this sort of thing much better than the WTBS.

  I would love to know what it is the legal team are thinking.

  I see recently in Melbourne Austrailia the Cathloic church made a report to the child comission about how many children were abused from way back, coming clean so to speak, and astounding number.

  Time the WT came clean
• 

  NeverKnew

  Yes, it's a legal manuever. It's what is supposed to happen. They are playing chess. That's why you hire attorneys.

  BUT GUESS WHAT EVERYONE GETS????? MORE INFO!!!!! The plaintiff's refusal to agree to these terms was a great decision!

  As a result of the refusal, the WT will have to supply the Courts with MORE financial documents to prove their claim of being broke (which, btw, will become part of the public record)! I love it! MORE EXPOSURE!

  I would hate to have to weed through all of the legal names the WT leverages. I suspect that money is parsed out into "safe haven" subsidiaries of a parent company that were legally established so the financial records of say the real estate holding subsidiary (or subsidiaries) are separate from, say, the financial records of the publishing company subsidiary. Drilling down further, there could be multiple subsidiaries of a primary real estate holding subsidiary (that is held, in name only, as the parent company of the mini-subsidiaries). As a corporation, this protects your money. I do believe that the WT legal team has "reallocated" funds into other pots and this is certainly known by the plaintiff's legal team. BUT, while the plaintiff's don't have the legal leverage to require financial records to prove the claim - the Courts WILL have the leverage!

  Go Plaintiffs!!!!!!
• 

  AnnOMaly

  I've been thinking and reading up a little more, seeing as I'm not au fait with all this legal stuff.

  In line with what DOC said, and to correct what I initially said, the $86,000 bond premium is supposed to be refunded to the appellant if he wins. The premium is some kind of insurance so that, on a successful appeal, all the cash put up for the bond is recovered - $17.2 million in the WTS's case. No harm done. However, the successful appellant should also be able to recover the $86,000 premium BUT this would have to be from the losing party! It's unlikely Candace would be in a position to pay up.

  To avoid potentially losing 86 grand unnecessarily, they want all this bond business, the substitution of property as surety OR a reduction in the bond amount (I'm guessing at least a $86,000 reduction!), done and dusted before the premium is due. That, I think, is what is meant by "irreparable harm and hardship" (a standard legal term?) if the motion isn't decided on quickly - NOT that the WTS is claiming financial difficulty.
• 

  cedars

  AnnOMaly - yes, I wondered for quite some time exactly what was meant by the "irreparable harm and hardship" statement, but if you read on in the documentation it sounds like the payment of the premium is the "road to no return", and the payments of the full bond begin shortly thereafter. Note where they say that, if the hearing was delayed until January, the bond payments would already have started by then.

  Cedars
• 

  AnnOMaly

  I added this on the other thread:

  In other words, the guarantee of paying damages is there for the plaintiff if they lose on appeal (so they argue), but if they win on appeal, how are they going to recover all that's due to them? They can't. On the other hand, if they put up their property as surety, then if they win on appeal, they don't have to chase the plaintiff for the 86 grand - the lein on the property is then cancelled.

  Does that make sense?
• 

  Gayle

  The ploy to request the bond to be backed up by selling any property in upstate New York boondocks is valueless. It would take them 'years' to find any up and growing business/company wanting those properties. Those properties are not for an up and positive growing business. They are almost unsaleable for a very long time.
• 

  alanv

  As i commented directly on Ceders article, the society have no trouble not telling the truth about their finances. They use theocratic war strategy. If they think someone does not deserve the truth, then they will withold it and say something different. They view it as a war against Jehovah, and they must win it what ever it takes.
• 

  DATA-DOG

  I am confused. All I know is that if the Watchtower wins it would be horrible. I want them to lose soooo bad!!!!
• 

  Paralipomenon

  Using property deeds for bond makes financial sense for them. The property will continue to gain value even while bonded. The cash would not be earning interest from investments while tied up in a bond. Even if invested moderately at 5% they could earn over $800k in a year in investment income.

  It's not that it would cause them irreversible financial harm, they just want to maximize their income gain over the period of time it takes to appeal. Judges are stupid, he can likely see this as a ploy for them to settle in for a prolonged appeal.

  If their cash is on the table, they would be more inclined to work towards a quicker appeal judgement.