Subject

The essential question to be addressed is how funds should be allocated to shareholders for injuries associated with the impairment of value from damage to the company which resulted from the criminal conduct described in the Deferred Prosecution Agreement, as distinguished from injuries resulting from an investor’s purchases of stock at fraudulently inflated prices.

Attendance  

Like all Forum programs, the meeting will be open to all CA shareholders and any fiduciaries or professionals concerned with their decisions.

Panelists

Since there are no established standards for the subject of the meeting, a panel of academic and professional experts will participate in the discussions to help define the issues raised by shareholders.  Then, based on the meeting, they will prepare a summary and recommendations for the Administrator’s consideration.  The panel will be chaired by Lucian Arye Bebchuk, Professor of Law, Economics, and Finance at Harvard and Director of their Program on Corporate Governance, and co-author of the new book, Pay Without Performance, which has been stimulating rethinking of corporate governance relationships.

Administrator

The Administrator of the Restitution Fund, Kenneth R. Feinberg of The Feinberg Group, LLP, has expressed an interest in attending the meeting as an observer.  It should be understood that he will be there to hear your views, and not to make any decisions.

Date and location

We expect to schedule an afternoon meeting for a date two or three weeks from now, at a mid-town Manhattan location.

Costs

CA management has been asked to fund the meeting’s expenses, preliminarily estimated at $50,000, so that the costs will effectively be borne proportionately by all shareholders, but they have not yet responded.  If they do not accept this responsibility, I will seek funding from other sources, including contributions to the planned Forum “Institute.”  In any event, there will be no charge for attendance.