Word: courtly
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Dates: during 1970-1979
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Besides logistical problems, officials in Boston, Philadelphia and Washington had to contend with lawsuits brought by civil libertarians, abortion advocates and atheists, including Madalyn Murray O'Hair, who won the Supreme Court ruling in 1963 that banned prayer from public schools. Opponents argued that public spending on the platforms constructed for the Pope's Masses, or even the use of public land, would violate the Constitution's separation of church and state. Complained Boston Plaintiff Bill Baird: "What do you think would happen if the Ayatullah Khomeini were coming to Boston Common to conduct a Muslim service...
Straw's troubles emerged last June, when A. Richard Benedek, a private New York dealer, filed a complaint against Straw in the Superior Court of Essex County, Mass. The two had been doing business together since 1975, and everything had apparently gone smoothly. According to the affidavit filed by Benedek, he had invested heavily in three separate partnership deals arranged by Straw. One was to purchase a collection of antique furniture. The second was to buy eleven paintings that included a Mary Cassatt and a Winslow Homer. The third involved a spectacular $15 million group of 31 old masters...
...knows the extent of Straw's maneuvers, largely because other dealers, perhaps fearful of disclosing their losses, have not filed court actions. But what has emerged so far seems to point to a confidence game played in a market where thousands ride on a handshake and a reliable reputation. Says Robert Petersen of the Petersen Galleries: "I was told that Straw's father was famous and that Steven Straw knew all the important people. We looked on him as a key source...
Managers who have found themselves embroiled in no-win squabbles with environmental and consumer groups might take some comfort in the problem facing the Blue Diamond Coal Co. of Knoxville, Tenn. It is being taken to court by, of all adversaries, an order of Roman Catholic nuns. Armed with 81 shares of Blue Diamond stock, the 750-member Sisters of Loretto, a teaching order based in Denver, last week joined twelve other parties in bringing a lawsuit against the company. The nuns' eventual aim, as one of them describes it: to urge the company toward greater "corporate responsibility...
...past nine years.) In March the nuns asked Blue Diamond to register with the Securities and Exchange Commission so that the SEC would have to regulate it. The company refused, stating that the nuns had not been registered as bona fide stockholders. Now the nuns are going to court to force Blue Diamond to register them as the shareholders of record, so that they will be able to get a stockholders' list, which they plan to use to rally inside support for their cause...