Free Republic
Browse · Search
News/Activism
Topics · Post Article

TEAMSTERS (IBT)

Billionaire Clinton Friend, Union Accused of Racketeering

Ron Burkle is a very wealthy man, with a net worth listed last year in Forbes magazine at $2.5 billion. He’s also a close friend of former President Bill Clinton. That relationship is now coming under greater scrutiny given the backdrop of Burkle’s now-successful attempt to buy out a major long-distance car-hauling company, with an able assist from the International Brotherhood of Teamsters. On April 23, investors of Hawk Opportunity Fund sued Burkle’s private-equity company, Yucaipa Companies, in Atlanta federal court, charging Yucaipa and IBT leaders with racketeering in Yucaipa’s takeover of Allied Holdings, Inc., North America’s largest hauler. The plaintiff is demanding $200 million in damages, a figure that could triple under RICO statutes. Yucaipa thinks the case is groundless. “We think that this suit is totally without merit,” said company lawyer Robert Klyman. A Teamsters spokesperson likewise dismissed the suit as having no basis. But the surrounding facts notwithstanding provide a window to the ways in which Hillary Clinton will fund her bid to become the next U.S. President.

http://www.nlpc.org/view.asp?action=viewArticle&aid=2019


2 posted on 04/05/2008 10:01:20 PM PDT by kcvl
[ Post Reply | Private Reply | To 1 | View Replies ]


To: kcvl

“ut the surrounding facts notwithstanding provide a window to the ways in which Hillary Clinton will fund her bid to become the next U.S. President”

I resent the fact that someone would insinuate that Hillary would use ill gotten gain in order to win an election... Shocked... Shocked I tell you!


7 posted on 04/05/2008 10:39:07 PM PDT by Walkingfeather
[ Post Reply | Private Reply | To 2 | View Replies ]

To: kcvl
Yucaipa thinks the case is groundless. “We think that this suit is totally without merit,” said company lawyer Robert Klyman. A Teamsters spokesperson likewise dismissed the suit as having no basis.

This would not be the first time that folks have made totally baseless accusations against the Clintons or their friends.

Anybody remember Susan MacDougal? Remember the WH Travel Office pseudoscandal? Remember Vince Foster? Remember impeachGate?

52 posted on 04/08/2008 7:38:19 PM PDT by MurryMom
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson