Article: The Manipulative, Little Known Billionaire Who Nearly Ruined The Country’s Richest Black Person

Article - Media, Publications

The Manipulative, Little Known Billionaire Who Nearly Ruined The Country’s Richest Black Person

Christopher Helman, 05 February 2021

Ever since Ford Motor Company began selling its Model T in 1908, few pieces of technology have been as important to car dealer profit margins as the DocuPad.

The 45-by-29-inch flat screen sits atop a salesman’s desk, giving him the ability to quickly coax customers through what would normally be mountains of paperwork. By enabling car buyers to check boxes with a stylus and sign contracts on the interactive screen, the DocuPad takes the friction out of a car salesman’s stock in trade—the upsell. Continue reading “Article: The Manipulative, Little Known Billionaire Who Nearly Ruined The Country’s Richest Black Person”

Article: Internet law site sues old partners

Article - Media, Publications

Internet law site sues old partners

Jenna Colley , 25 February 2001

Houston-based Internet Law Library Inc. is throwing the book at its former partners.

In a federal lawsuit filed Jan. 26, Internet Law Library accuses ex-investors of a slew of improprieties, alleging stock manipulation, securities and exchange violations and fraud.

Internet Law Library filed the suit in U.S. District Court in Houston against Southridge Capital Management LLC and its executives Steve Hicks, Dan Pickett and Christy Constabile. Also named are Canadian company Thomson Kernaghan & Co. and investor Cootes Drive LLC.

Internet Law Library, through several subsidiaries, operates various Internet sites containing databases for legal and other research.

According to the suit, Southridge agreed to a $3 million convertible preferred stock purchase and a $25 million line of equity. The company alleges that after agreeing to provide the $28 million in capital, Ridgefield, Conn.-based Southridge sold the company’s stock short. Continue reading “Article: Internet law site sues old partners”