The letter informed us (Shareholders) that we will be
responsible for unspecified ‘legal fees’ incurred due to a dispute between members of the BOD and a Shareholder's wife.
BOD members are Jill Schachter, Harvey Berman, Robert
Wolman, Alicia Spiegel, and Fran Rothkin.
We, Shareholders were not at fault. I, as most Shareholders, don’t fully know the specifics or
the right and wrong’ of the dispute. Not important! I do know that I/we Shareholders were NOT consulted. We did
not initiate any part of this. WE DID NOT PARTICIPATE. I/we DID NOT agree to pay legal fees for
personal disputes. I do know that there should be Officer and Director
Insurance which is the responsibility of VE (Vision Enterprises) and the BOD.
We (Shareholders) are not responsible for BOD stupidity, bad
judgment, dental or dry cleaning bills or other personal matters.
We are NOT responsible!
I don’t know who authorized hiring and paying lawyers. The BOD claim they, “… the Board was required
(???) to obtain legal counsel.” ??? The Board CHOSE to charge Shareholders for
their bad judgment, actions and inactions.
Is there a contract? Who are these lawyers? Why did the BOD choose them?
The members of the BOD are responsible for any and all
costs. Shareholders are NOT!
VE is the management company. They work for us, the
Shareholders. They should know better. There should NOT be a charge on our
monthly maintenance. VE must correct the monthly charges. All charges relating
to this MUST be removed immediately.
What should you do?
Be outraged! You, Shareholders are being penalized by the
arbitrary actions and inactions of a group of people who are acting against our
interest and welfare.
Co-ops are subject to NYS Business Corporation Law. (You can
find it on the internet.) We are trying to get the NYS Attorney General to look into the actions of Vison and our BOD.
The Queens DA has jurisdiction for economic crimes involving
Co-ops. We are in contact with our State Senator and Assemblyman and Councilman who will help.
Clearly, the BOD and VE are trying to take our (Shareholder) money without our agreement or consent. That's not nice!
What should you do right now?
Call Vision Enterprises (516) 504-7000. Demand to speak with
Peter Mesos or Len Zangas (owners of VE). Demand full explanation. Demand
‘charges’ be removed.
If we (Shareholders) do nothing and remain silent, we are lazy or stupid
or timid and will remain silent victims. "Evil succeeds when good men stand aside." (Who said that?)
Now! Start calling and pressuring the BOD and Vision.
If you have ideas, please contact us.
More to come. Check this blog for updates.
We need your help. Please contact us.
Do something!
Do something!
Since the beginning of March, many of us have written to the Board of Directors and Vision Management asking for proof that this money was even spent. Nobody has even received an acknowledgement that these requests were received.
ReplyDeleteIf Vision and the Board of Directors didn't have something to hide, why haven't they given shareholders copies of the legal bills? If Vision and the Board suddenly decide to give us something, after more than 6 weeks, how can we believe whatever it is they turn over?
As I mentioned in my other response. I will continue to refuse to pay this baseless Assessment until they provide copies of these bills. I have repeatedly demanded them and have been ignored every time. I question the veracity of not just the Assessment, but the Board's motives in imposing it. I will not be bullied by this Board, Jill, or her appointees.
ReplyDeleteSo, Madam Transparent, Courteous and Professional President and her trusty Madam Treasurer, show the shareholders the legal bills incurred that you have assessed us for. Who are the COWARDS and LIARS now? ANSWER: Jill Schachter and Alicia Spiegel.
ReplyDeleteAS THEY SAY "SHOW US THE MONEY AND THE LEGAL BILLS".