Family Claims $130 Million In Coke Stock Sold At Garage Sale



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In 2008, Tony Marohn visited a nearby estate sale exactly where he paid a “nominal amount” for an antique oil stock certificate. And now, Marohn’s family members is suing soda giant Coca-Cola, saying the certificate entitles them to 1.8 million shares in the company’s stock, well worth an estimated $130 million.Jordan 12 Playoffs and Kobe Bryant Shoes

Marohn passed away in 2010, but not just before tracing the history of the stock certificate from Palmer Union Oil Co. to Coca-Cola. Reuters reports that Marohn made the connection by means of a series of now-defunct companies, such as Petrocarbon Chemicals Inc. and Taylor Wine Co.

Coca-Cola countersued Marohn in 2009, telling Delaware’s Chancery Court that he was not entitled to its company stock.

“The claim of Mr. Marohn’s estate that it is entitled to millions of dollars in Coca-Cola stock?abased on a canceled stock certificate for a long-defunct oil company purchased at an estate sale?ais meritless and unfair towards the Company’s millions of legitimate shareholders,” Coca-Cola said inside a statement released Thursday.

But if you disagree and assume the Marohn’s have a situation, you can actually still acquire stock shares with the long-since defunct company. A certificate for a hundred shares of Palmer Union Oil stock is currently selling for just $25.

The Marohn loved ones lawyer, David Margules, is citing examples of past legal precedent, arguing the stock transfer is legitimate.

“This is a new version of the Beverly Hillbillies,” Judge Leo Strine said at a court hearing on January 31, as outlined by a court transcript. If Marohn’s estate wins its situation, it would become one of the greatest noninstitutional investors in Coca-Cola, as outlined by Reuters.

The certificate for one,625 shares of Palmer Union Oil Co. was endorsed and assigned, but a area designating the transferee was left blank. Marohn simply wrote his name in the blank room and began his legal situation.

BEIJING (Reuters) – 5 people in southern China have already been charged with intentional injury in the situation of the Chinese teenager who sold a kidney so he could acquire an iPhone and an iPad, the government-run Xinhua News Agency stated on Friday.

The five included a surgeon who removed a kidney from a 17-year-old boy in April last year. The boy, identified only by his surname Wang, now suffers from renal deficiency, Xinhua quoted prosecutors in Chenzhou city, Hunan province as saying.

In accordance with the Xinhua account, one of the defendants received about 220,000 yuan (about $35,000) to arrange the transplant. He paid Wang 22,000 yuan and split the rest with the surgeon, the three other defendants and other healthcare staff.

The report did not say who received and paid for the kidney.

The teen was from Anhui, one of China’s poorest provinces, where inhabitants frequently leave to locate operate as well as a better life elsewhere. He bought an iPhone and iPad, and when asked by his mother where he received the money, admitted selling a kidney.

Apple products are hugely popular in China, but are priced beyond the reach of several Chinese. IPhones start at three,988 yuan ($633), and iPads begin at two,988 yuan ($474).

Wang’s renal deficiency is deteriorating, Xinhua quoted prosecutors as saying.

Only a fraction of the men and women who need organ transplants in China are able to get them, leading to “transplant tourism” in which patients travel overseas for this kind of operations, and to a black market for human organs.

China banned the trading of human organs in 2007, Xinhua said. A number of other suspects involved in the case are nonetheless becoming investigated.

An elementary school class picture is causing quite a stir immediately after the photographer Photoshopped a cartoon smiley face above a boy’s head.

David Claussen, proprietor of Broward County Pictures, took the picture with the 2nd grade class at Sawgrass Elementary school, but was notified afterward that two in the students hadn’t signed consent forms and essential to become removed.

The local news reports:

“Claussen stated he was in a position to use the photo editing software Adobe Photoshop to lift one of the children out, but had explained to them that there was a problem with the 2nd student. He was sitting during the front row, appropriate in the middle … He stated he would have gladly come out there to reshoot the picture. Instead there was talk about putting a star above his face and then, he said, the P.T.A. asked him to place a smiley face.”

The news station could not locate the student or his parents to get a comment, but was told the boy is no longer attending Sawgrass Elementary and may possibly not even be aware in the picture’s existence.

Parents with the school have had mixed responses to the altered picture, they ranged from feeling the image is humiliating, to simply calling it “an oversight that has been corrected”.

In an email to the nearby station, Sawgrass P.T.A. wrote:

“Broward Schools Photography covered the child’s face using an inappropriate sticker. The PTA disagrees with how the photography company handled it and worked with the photographer to possess the picture retaken this Thursday. Instant action was taken on behalf of the PTA. We love and protect our youngsters.”

They said households who ordered the class photograph will get a cost-free copy of the new print.
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