What happened to Bill Humphries?

Rumor has it Merz is moving to Boston....

 

617 area code.

 

Former Stiefel employee wins $1.5M verdict in securities fraud lawsuit
South Florida Business Journal by Brian Bandell, Senior Reporter
Date: Thursday, May 17, 2012, 12:32pm EDT - Last Modified: Thursday, May 17, 2012, 4:10pm EDT
Related:
Health Care, Legal Services, Coral Gables
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Charles Stiefel, who was CEO of his family-owned Stiefel Laboratories, lost a $1.5 million judgment to a former employee.

A former employee of Stiefel Laboratories won a $1.5 million verdict on allegations that the Coral Gables-based company defrauded its employee shareholders during its $2.9 billion sale to GlaxoSmithKline in 2009.

In 2011, U.S. District Judge James King blocked a $226 million lawsuit against Steifel from the former employees from obtaining class action certification, but he allowed individuals to pursue the claims separately. The lawsuit alleged that the employees were told the stock was worth $16,469 per share, but the company’s directors, including former Chairman and CEO Charles Stiefel, knew it was really worth $60,000 per share. The company re-purchased shares from employees at the lower value.

Now, following a jury trial, Judge King has awarded former Stiefel Labs employee Timothy Finnerty $1.5 million in damages against Stiefel Labs and its former CEO. Finnerty was represented by Podhurst Orseck Podhurst Orseck Peter Prieto and attorney Norman S. Segall. Other lawsuits against the company are pending.

 

HOUSE OF CARDS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

Besides Charlie who else was a company director in 2008/09?

 

They have and comments are terrific, Bill thought he could run from his past after being thrown out of his job.

 

Your still have sour grapes after being fired by Bill. Too bad. Unlike you, he wasn't thrown out. It is easy to tell. If someone has a gap in employment, then they were probably thrown out. However, if they moved on to another job, they left on their own accord.

Bill had a great run at Stiefel. It is just too bad GSK screwed up the company. Like it or not, when a large pharma company buys a business, it is the mothership calling the shots. I am actually surprised that Bill stuck around for as long as he did.

Just wondering. Have you found a job yet?

 

weeehhhhhh, I got fired by Bill and I can't stand it.

 

That's too funny!

 

I don't know what you are talking about?

 

I hear Bill has hired Jim H from the old Stiefel days. I wonder if that could be true?

 

It is true - even a Merz press release: http://www.bizjournals.com/prnewswire/press_releases/2012/06/11/NY21323

 

Wow. That is really amazing!

 

We really can't be surprised that Bill would hire friends. Next he'll look to buy failing businesses from friends with vague terms that may beneift him personally. Next the businesses will under perform and corporate scrutiny will mount and then they'll fire Bill.
We've all seen the movie before.