Medical Supply Chain Inc versus US Bancorp Piper Jaffray and US Bank Jerry Grundhofer
Alleges U.S. Bancorp Piper Jaffray, which is 70% invested in Life Sciences/Healthcare, exercised monopoly power and misappropriated trade secrets in an attempt to prevent Kansas City-based Medical Supply Chain Inc. from entering the $1.3 Trillion dollar healthcare market
“We are horrified that US Bank refused to provide us services once they perceived us to be a competitive threat to their Piper Jaffray healthcare investments. As an established US Bank customer we were dependent on their high level banking services to grow our business and we know they provide these services to other healthcare customers. When Piper Jaffray’s efforts to keep us out of the market failed US Bank attempted to use the USA Patriot Act as a permanent market entry barrier against us"
Litigation News against US Bancorp Medical Supply Chain Inc
US Bank Loses Dismissal of $450 Million Dollar Escrow Lawsuit Medical Supply Chain founder Samuel Lipari's lawsuit for $450 million dollars allegedly lost in an Escrow contract with US Bank and US Bancorp was ordered returned to US District Court for the District of Kansas where it had been originally filed on October 22, 2002. US Bancorp and Ernst & Young LLP have omitted this liability on Securities and Exchange Commission filings
US Bank Loses Again in District CourtUS Bank lost another dismissal attempt to try to escape its $450 million dollar contract liability to Medical Supply Chain, Inc. This case has been going on since 2002 is it even disclosed in USB's annual report?
Novation LLC a hospital supplier in Irving, Texas admitted in a Tenth Circuit Court of Appeals filing dated April 9th, 2007 that it was identified as a co-conspirator in a 2002 scheme to use US Bancorp’s trust division to prevent Medical Supply Chain from entering the market for hospital supplies by withholding escrow accounts and misusing the USA PATRIOT act as a pretext Sandbagged Novation LLC Prosecution
USB & Health Care = Corruption USB defending $450 Million in state contract damages
MSC Inc Press Release Samuel Lipari cautions that General Electric's bargain may satisfy US Attorney General Alberto Gonzales but does not stop Samuel Lipari's private civil litigation claims or Samuel Lipari's False Claims Act investigation of General Electric's role as a co-conspirator with Novation LLC and US Bancorp to artificially inflate healthcare costs paid by Medicare and Medicaid
General Electric’s alleged co-conspirator in Medical Supply Chain’s civil litigation, US Bancorp (USB) was forced to divest its subsidiary US Bancorp Piper Jaffray February 19th 2003 when Lipari’s civil litigation exposed Piper Jaffray’s continuing role in extortion and monopolization of securities underwriting for healthcare technology companies allowed to enter the hospital supply market controlled by Novation LLC. PR Buzz
Kansas Republican for Governor Joins Medical Supply Chain’s Antitrust Lawsuit Against Novation and Neoforma Emediawire
CEO Samuel Lipari was interviewed about MSC’s anti-trust lawsuit which covers the merger between GE (GHX) and Novation (Neoforma) seeking $1.5 billion in damages from Novation, Neoforma, and their executives, as well as GE, US Bank and investment firm Piper Jaffray PR Web
Misuse of USA Patriot Act Leads to Exposure of Medicare/Medicaid Fraud Scheme Costing Taxpayers Tens of Billions of Dollars - In attempting to right the wrong done to his company by U.S. Bancorp and Piper Jaffray's conspiratorial, malicious and unjustified use of the USA Patriot Act to keep his company out of the health care supply market, Lipari and his legal team have uncovered a scheme that they believe spans three decades and involves just about every major player in the U.S. Healthcare supply industry as well as at least one major bank and one major investment firm PR Web
Hijacking at the Hospital - Shaw: ‘If you pay anybody a fee ... to try to influence a purchase, that would put you in prison in any other industry.’ FWWeekly
USB Still Caught in Healthcare Rackets Healthcare’s Supply Monopoly Meets Circuit Court in Independence Missouri
Defendants The Piper Jaffray Companies and Andrew S. Duff attempted to contract with the Defendant US Bancorp to guarantee the bank holding company’s liability to Medical Supply but discovered it could not continue to incur liability to Medical Supply for participating in the scheme to monopolize the markets in hospital supplies and hospital supplies in e-commerce and announced it was withdrawing from the conspiracy and combination’s scheme to monopolize the capitalization of healthcare technology and supply chain management companies Piper Spinoff
This New York Times Saturday cover story reveals criminal subpoenas have started coming down in the antitrust colossus. All of US Bancorp Piper Jaffray’s close personal corporate friends have received theirs. The focus of the government is on the anticompetitive sole source contracts throughout the health care industry, the ones that US Bancorp Piper Jaffray hyped when they were pumping and dumping all those health care technology stocks Criminal Subpoenas Come Down!!!!!
Second US Attorney Death in Novation Medicare Fraud Case- US Attorney Shannon Ross, the second death in the Ft. Worth, TX US Attorney office connected to the government’s investigation of Novation, GE and other GHX members for Medicare fraud Emediawire
General Electric Faces Ruling as Novation Medicare Co-Conspirator - Medical Supply Chain, Inc.’s case against Novation’s investment banking partner, US Bancorp/Piper Jaffray for participating in the hospital supply cost inflation scheme through antitrust prohibited practices involving Neoforma. Emediawire
Bancorp couldn’t escape the judicial liability but Mr. Grundhoffer could trick the Piper Jaffray C-level people to indemnify US Bancorp from any judgment at the same time Mr. Grundhoffer was probably telling journalists the $2.7 Billion dollar lawsuit was “too speculative” and failed to put it in the corporate disclosures Mr. Grundhoffer The Master:
Healthcare Reform Suffers A Massive Blow From Improper Use of The USA Patriot Act - U.S. Bancorp Piper Jaffray has attempted to prevent market entry of a much-needed efficient reform that will return competition to hospital supply markets PRWeb
How can an attorney mediate mass murder? We are not talking about plea bargaining the sentence of a criminal behind bars. This one is still on the streets killing Speaking Truth to Power
I am the corporate counsel for Medical Supply in Medical Supply Chain Inc vs US Bancorp et.al Here is the transcript that is part of a 10th Circuit Appeals case Transcripts from US Bank Five Star Screwed
US Bank is up to its throat in a conspiracy to keep hospital costs up and bankrupt Medicare Is US Bank the sacrificial lamb?
All of the co-conspirators in this case have already layered up because the case for actual damages has yet to be filed and it is in the Billions. USBank, the firm representing them, the magistrate judge and the court are caught in an ugly mess of judicial misconduct and USBank is responsible for all of it not to mention the ongoing investigations Hey - the defense firm
USB has screwed so many big companies they have no support anymore. USB and its legal firm are responsible for dragging their co-conspirators into a $1.5 Billion Antitrust Liability that costs Tax Payers over $500 Billion annually and that they told everybody had been handled. It was handled all right, their law firm utilized “Judicial Corruption” to save US Bank’s a** and the word is out Add 2+2=6
The court committed an error in its decision and then refused to reverse themselves or make any decision based on the facts or controlling US Supreme Court Law. Would you want to file a claim for your damages in a court that does not follow the “Law” laid out by the people (legislature)....If it looks like a duck and quacks like a duck it is probably a duck USB Needs Help!
Why is it US Bank hires legal and compliance guidance then issues $1.9 Billion in short term notes? Additionally, how is it possible that Piper Jaffray is able to provide coverage on US Bank when both of them conspired and are caught dead (per se) in one of the largest healthcare anti-trust conspiracies of all time? Not to mention all the others Is The Fix In ?
US Bancorp NA rejected Medical Supply Chain, Inc.’s proposed partial settlement releasing US Bancorp Piper Jaffray from an ongoing antitrust lawsuit with actions currently before the Tenth Circuit Court of Appeals and the US Court for the District of Kansas, in Kansas City Piper Jaffray Rejects Spin Off Settlement
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