New York, NY (PRWEB) December 20, 2011
MySpace Founder Brad Greenspan confirmed today in the wake of the resignation by The New York Times Company CEO Janet L. Robinson, 61, president and chief executive officer since 2004, announced Friday December 16, 2011, that a formal complaint and request for a full investigation was made in November to the Board of Directors. In addition, the Securities & Exchange Commission (SEC) has confirmed to the MySpace Founder the agency has received evidence submitted on November 23, 2011 and forwarded such complaint to the Office of Investor Education and Advocacy (OIEA) to review potential violations by the NYT CEO or other executives of Sarbanes Oxley Statue 802 and/or Federal Racketeering Violations including Obstruction of Justice under File # HO-00178048-HO
Mr. Greenspan is also the largest shareholder in Brown v. Brewer a current 6 year Class Action Federal Securities Fraud and Antitrust case against News Corp and Intermix related to the 2005 Acquisition of Myspace.com. The Class Action case 2:06-cv-03731 is ongoing in Federal Central District in Los Angeles before the Honorable Judge George King. Most recently, Mr. Greenspan has filed for 25+ summary judgement counts on behalf of the Class of over 5000 public shareholders after winning an initial Summary Judgement ruling in June 2010. The MySpace Founder has also filed a Rule 701 Damage Valuation that establishes damages of over $32 billion dollars for Security Fraud and over $96 billion with antitrust claims including both a Clayton Act Section Eight Violation for Interlocking Directors and 2 Sherman Act Violation claims.
“Its incredibly important to have publicly traded media companies follow Federal laws including Sarbanes-Oxley statues, ” said the MySpace Founder “Equally important is an unfettered and uncorrupted free press in America that does not collude against Whistleblowers. I am hopeful and fully expect the Directors of the New York Times to report out on their internal investigation into the matter including working with the SEC if appropriate to bring to light any corruption or improper arrangements with other media companies which may have existed under the former CEO Janet Robinson.”
According to court documents, the MySpace Founder initiated contact with both The New York Times Company Directors and SEC providing significant evidence of an unusual suppression of certain story topics including cutting off coverage of the Brown v. Brewer Federal Class Action case after the New York Times Newspaper reported out on the case in July 2010 after an article was written by Gretchen Morgenson titled “Bidder Beware” covering Judge King's June 2010 Summary Judgement. The New York Times also refused to contact The MySpace Founder after being supplied evidence that Mr. Greenspan was a victim of Computer Hacking/Intrusion by News Corporation which can be viewed in the pleadings before Judge King including the Motion of Summary Judgement, Motion for 60(b) Fraud upon the Court, & Motion for Intervention viewable at below link:
The latest Brown v. Brewer Court docket can be seen here:
The Rule 701 Damage Valuation Report can be viewed at below link:
Judge George King's June 2010 Summary Judgement Ruling can be viewed at below link:
About The New York Times Company
The New York Times Company, a leading media company with 2010 revenues of $2.4 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers and more than 50 Web sites, including NYTimes.com, BostonGlobe.com, Boston.com and About.com.
About Brad Greenspan
With over 15 years of related experience, Brad Greenspan is a successful Internet entrepreneur and investor. He is the Founder of MySpace and he is regarded as one of the pioneers of the social networking sector. Brad’s portfolio of start up and early stage companies has covered a broad range of sectors including: Big Fish Games (gaming), Borba Corporation (neutracuticals), Fluid Music (music), Draths (clean technology),BroadwebAsia, (Asian focused online entertainment), and Live Universe (online entertainment).