Word: raid
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Dates: during 1970-1979
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...Quaaludes, a prescription brand of the sedative methaqualone. At least five presses for making the white pills have been smuggled into Colombia recently. For 100 apiece, they churn out tablets of methaqualone that are being popped at 35 times that price in the U.S. Last month, during a raid on a marijuana warehouse on the Guajira peninsula, soldiers found a million fake Quaaludes...
...unloaded at a city dock by a smuggling ring. In Jamaica Bay, Long Island, a fishing boat named The Darlene C, carrying 30 tons of marijuana, was seized last November, but the customs and Coast Guard officers let the two dozen smugglers escape during the bungled and uncoordinated raid. TIME has learned that the smugglers fled because they were tipped off by a well-placed informant in one of the law enforcement agencies. To top that, 1,300 lbs. of Colombian Gold, most of it from the raided boat, were stolen from a "secret" DEA warehouse just three weeks later...
Last April, Picault helped Bario set up a raid in Mexico City that netted 33 lbs. of Colombian cocaine. Bario turned in 22 lbs. to the DEA, but let Picault keep the rest. Bario insisted later to his second wife and his lawyer that he was following standard procedure, allowing an informant to have some confiscated cocaine as a bonus to keep him loyal...
Marty Lipton might have added that the courtroom has replaced the board room as the main jousting arena, and that whenever a company wants to stage-or defend against-a raid, its management usually calls up either of two New York lawyers. One is Lipton, a partner in Wachtell, Lipton, Rosen & Katz. The other is Joseph Flom, a partner in Skadden, Arps, Slate, Meagher & Flom. Both experts in the exquisite art of making tempting offers or executing legalistic delays, they have opposed each other in most of the big-name raids of the past decade...
...fight. It was a draw. As Lipton recalls, "Joe got four seats on the board and we got four seats." Their first big tender fight was the $84 million Colt (Flom) takeover of Garlock (Lipton) where the term "Saturday Night Special" was coined to describe Colt's lightning raid. It is impossible to estimate which lawyer has a better winning record because even when one loses he usually gains some advantages-in price or terms-for his client...