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<blockquote data-quote="Catatonic" data-source="post: 1101516" data-attributes="member: 7966"><p>InsideUPS,</p><p>I assume you are a younger UPS person that did not have OPL ... I did.</p><p></p><p>Thank you for posting these links as they prove exactly, as I stated, that OPL was a legitimate legal business entity making a profit.</p><p>UPS did not pay any fines and the 1.8B was accrued funds that the IRS said UPS owed and would owe if the IRS claim was upheld.</p><p>The IRS claim was overturned and UPS got all the money that UPS had put into the escrow account.</p><p></p><p>And in an unrelated occurrence, the 27 sham lawsuits were filed by ambulance-chaser lawyers against UPS under the guise of class-action lawsuits and were not related in a legal sense to the IRS lawsuit against UPS-NUG-UPS. UPS settled the cases for less than the legal fees they paid to defend them.</p><p>As usual, the sham lawyers won and almost none of the "coupons" were used as is normal with these sham-type class action suits. The lawyers that file these sham lawsuits don't care about the plantiffs ... just getting their legal fees paid which, as in this case, were included in the settlement.</p><p></p><p>My interest in the OPL relationship was as a stockholder that lost probably $50,000 because of the IRS lawsuit. I had a vested interest to keep up with the on-goings of OPL and it's status. Whether my interest and analysis is impartial and objective can certainly be in question.</p><p></p><p>Why UPS decided to dissolve the relationship with NUG and OPL is not known to me but UPS, at least at that time, liked to keep a low-profile, squeaky-clean image. I think UPS decided it was not worth the risk to their brand. The biggest benefit of OPL was to the OPL shareholders which was mostly UPS and management. It was about this time that UPS decided that paternally taking care of UPS employees was not needed anymore.</p><p></p><p>And I am a French model ... bonjour.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1101516, member: 7966"] InsideUPS, I assume you are a younger UPS person that did not have OPL ... I did. Thank you for posting these links as they prove exactly, as I stated, that OPL was a legitimate legal business entity making a profit. UPS did not pay any fines and the 1.8B was accrued funds that the IRS said UPS owed and would owe if the IRS claim was upheld. The IRS claim was overturned and UPS got all the money that UPS had put into the escrow account. And in an unrelated occurrence, the 27 sham lawsuits were filed by ambulance-chaser lawyers against UPS under the guise of class-action lawsuits and were not related in a legal sense to the IRS lawsuit against UPS-NUG-UPS. UPS settled the cases for less than the legal fees they paid to defend them. As usual, the sham lawyers won and almost none of the "coupons" were used as is normal with these sham-type class action suits. The lawyers that file these sham lawsuits don't care about the plantiffs ... just getting their legal fees paid which, as in this case, were included in the settlement. My interest in the OPL relationship was as a stockholder that lost probably $50,000 because of the IRS lawsuit. I had a vested interest to keep up with the on-goings of OPL and it's status. Whether my interest and analysis is impartial and objective can certainly be in question. Why UPS decided to dissolve the relationship with NUG and OPL is not known to me but UPS, at least at that time, liked to keep a low-profile, squeaky-clean image. I think UPS decided it was not worth the risk to their brand. The biggest benefit of OPL was to the OPL shareholders which was mostly UPS and management. It was about this time that UPS decided that paternally taking care of UPS employees was not needed anymore. And I am a French model ... bonjour. [/QUOTE]
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