Word: claims
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Dates: during 1980-1989
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...critic Kenneth Tynan proclaimed in 1966, "Laurence Olivier at his best is what everyone has always meant by the phrase 'a great actor.' " Director, producer, prime mover of Britain's National Theater, embodier of the most vital Shakespearean heroes, Olivier at his death last week at 82 held undisputed claim to yet another title: the 20th century's definitive man of the theater...
...Nearly four months after the spill, there is no proof that Hazelwood was drunk when his ship ran aground. In fact, his crewmates claim he was not. A test given about ten hours after the grounding found that his blood-alcohol level was a little more than half the 0.1% drunk-driving limit set by the state of Alaska and 50% higher than the 0.04% limit set by the Coast Guard for seamen operating a moving ship. Some toxicologists have suggested that Hazelwood may have had a severely high 0.22% blood-alcohol level when the ship struck the reef...
Nobody has emerged, however, to claim that Hazelwood ever drank heavily aboard the Valdez; in fact, his management of the ship won the praise of superiors. Both in 1987 and 1988 the Valdez was singled out for a prestigious company award for "safety and performance." Nevertheless, he was increasingly disillusioned with his career, largely for reasons ranging from longer work hours and frozen pay levels to the growing powerlessness of captains to make their own judgments. A week before the oil spill, Hazelwood told a friend that he was thinking about taking a job as a harbor pilot...
...reaching an almost unequivocal decision in the complex case, Allen dismissed a key Paramount claim, that Time's directors had put the company up for sale in March when they originally agreed to acquire Warner. If that had been found to be true, Time would have been obligated under Delaware law to seek the maximum immediate return to shareholders by auctioning the company to the highest bidder. Paramount's argument that Time's directors were selling the company to Warner rested partly on the fact that the exchange ratio of the proposed stock swap would have given Warner stockholders...
...another major point, Allen rejected Paramount's claim that Time acted improperly in revamping its Warner deal after the Paramount offer was made. The precedent in judging such tactics is a 1985 Delaware case involving an effort by the California oil company Unocal to escape a raid by takeover artist T. Boone Pickens. In that case, the court decided that companies may take defensive moves only if they are "reasonable," as Unocal's were deemed to be. Paramount argued that Time's decision to launch the tender offer for Warner was excessive in proportion to the takeover threat and thus...