[LTPC-discussions] If the attorneys can get a judge to listen?
Duke Dwight
ltpc-disc@ltpcalums.com
Mon, 18 Aug 2003 21:24:59 -0500
<P><FONT face="Arial Black" size=6>Hello Mr. Moore,</FONT></P>
<P><FONT face="Arial Black" size=6>If the company was not up for sale before before folding, i would like an answer to the question why it wasn't up for sale? </FONT></P>
<P><FONT face="Arial Black" size=6> I was out the country the month of February and did not write much new business when i returned. Sorry I can not help you with that issue.</FONT></P>
<P><FONT face="Arial Black" size=6></FONT> </P>
<P><FONT face="Arial Black" size=6>thank you for your efforts.</FONT></P>
<P><FONT face="Arial Black" size=6>Dwight Duke</FONT></P>
<P><BR><BR>----- Original Message -----<BR>From: ShampooRic@aol.com<BR>Date: Mon, 18 Aug 2003 17:27:27 EDT <BR>To: ltpc-disc@ltpcalums.com<BR>Subject: [LTPC-discussions] Bringing you up to date on LTPC<BR><BR><FONT face=arial,helvetica><FONT lang=0 face=Arial size=4 FAMILY="SANSSERIF"><B>To LTPC ALUMS:<BR><BR>It has been a while since my last communication and would like to bring you up to date on what is happening. <BR><BR></FONT><FONT lang=0 style="BACKGROUND-COLOR: #ffffff" face=Arial color=#000000 size=3 FAMILY="SANSSERIF">1. The attorney's are still looking into this. Believe me on this. Some of you know the firm that is taking a long hard look at this. I just can not divulge it yet. They have invested time and money to see if this lawsuit makes sense. Just the fact that they are looking into it for this much time is good. But again, until they decide to represent us on this we have nothing concrete. I am hopeful, but
do not want to get my hopes up too much. When I get an answer from them I will post it, whatever their decision is.<BR><BR>2. I have been in contact with the Tennessee Insurance Commission and complained about not being able to deliver policies. Complained that some policies might not be taken since we did not deliver. Consumer got the short end of the stick when delivery came by mail with a note attached where to sign and send the check. You might want to write or call them too. You might want to complain to your state agency.<BR><BR>3. Sent out letters to Cendant Board members and executives. Did not get any response except the letter from Dan T. I guess that is what you call a stone wall. The letter from Dan T. is the one I posted here. Letters went out to every major business publication, market makers, and CEO watchdog groups.<BR><BR>4. Spoke to Dan T. twice over the last three weeks. There i
s no movement period. The main reason they do not want us to contact affinity group members is that according to Dan T. if we make a sale the affinity groups will not make any commission. If that is the case than why was it ok to join Robert Forman's agency and contact affinity members? The only thing that will work is legal action.<BR><BR>5. Attorney's need some input here guy's. I believe to the best of my knowledge it is provable that LTPC was for sale. There were deals on the table that did not happen due to how Cendant was structuring them. It seems that Cendant wanted to keep the renewals and sell LTPC's other assets. The question is, even if they were to sell the company why would the new owners keep the same contract with the agents when it came to vesting since the new owners would not get any renewals on the old business? So is it possible that even if LTPC was sold, the agents would now be under a n
ew contract and might have to start all over again to get vested. So your vesting rights might not have been carried over even to new company. So now the question is, if this deal they tried to make was not marketable, and they knew it, were we mislead and lied too? Were a lot of agents hired just to pump up numbers to help with the sale?<BR><BR>6. Has anyone had any correspondence from LTPC on any policies that were delivered? I have not had one bit of information from LTPC on any application that was pending or on any delivery. Cendant has kept us in the dark. Has anyone had any correspondence about policies that were not taken? Premiums that might be late so we can remind them? Has anyone not had a policy accepted because of the way they were delivered? Has anyone not had a couple accept a policy because one spouse was not approved? Since we could not deliver the policy we did not have the opportunity to re
sell the benefits again to the applicant. Let me know if you lost commission, or think you lost commission due to LTPC. These are all things that the attorney's would want to know.<BR><BR>Your opinions are appreciated. I forward many of them to the attorney's so they get a sampling of opinions from other agents. If you have any information or thoughts please contact me. You can email me at shampooric@aol.com or call me at 954-629-7545. Anything we talk about will be totally confidential.<BR><BR>Richard Moore<BR><BR><BR></P></B></FONT></FONT>
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