SOURCE:  Parish & Company at www.billparish.com.
 

PORTLAND, Ore.,  Today the following letter was faxed to the Texas U.S. District Court in an effort to prevent Milberg Weiss from being named lead attorney in the Enron class action lawsuit.

      Important Matter Regarding  Enron Class Action Status

2/12/02

Melinda Harmon
U.S. District Court
Courtroom 9C, 9th Floor
515 Rusk Avenue
Houston, TX 77002

Dear Judge Harmon,

My work regarding the need to generate reforms to the financial system has been reported in the NY Times, USA Today, Bloomberg and other leading publications.  I have been so successful that Cisco Systems even focused their entire public relations staff in an organized but failed effort to discredit me.

Perhaps one of the more frustrating aspects of writing about and trying to generate needed dialogue on these issues is my interaction with Milberg Weiss.  Milberg Weiss used my report on Cisco Systems, without attribution or approval, to quickly file a class action lawsuit against Cisco Systems' CEO and CFO for illegal insider trading.

It is my belief that Milberg Weiss is now running a financial pyramid scheme, not unlike that at Enron.  Milberg's scheme is to file numerous lawsuits, negotiate a settlement with management, pocket a quick 33 percent of the judgment, and move on to the next case.

This is very disheartening and is making achieving needed reforms much more difficult because people like myself are not getting the exposure necessary to discuss these issues.

I closely studied Enron three years ago and discovered they were emulating certain techniques used by Microsoft.  My website at www.billparish.com has clearly documented how Enron's scheme works for more than two years.  Please do consider removing Milberg Weiss from consideration.  Like Enron, they need a wake up call that there is more to this than a numbers game.  There is far too much at stake.

Parish & Company is an independent fee based investment advisor to individuals, pensions and trusts based in Portland, Oregon.  No fees are accepted, either directly or indirectly, from any provider of investment products.  Your comments are most appreciated and please do visit my research archive at www.billparish.com.

Bill Parish's work has been widely quoted in the NY Times, Bloomberg, USA Today and other leading publications.  Many of these reports are available for review at www.billparish.com  Bill is a strong supporter of former SEC Chairman Arthur Levitt's reform agenda announced on September 28, 1998 and he has also been a keynote speaker at various conferences of investment and accounting professionals.  You can contact Bill at bill@billparish.com if you would like to have him speak at your event.