Is this the Bustamante lawsuit? I googled and found this

[Gin]

Lieutenant Governor Cruz Bustamante
Files Lawsuit Against Natural Gas Generators
On Behalf Of California Taxpayers


http://www.ltg.ca.gov/newsroom/pressreleases/2002/nov/pr112202.asp

[madfloridian]

1. Looks like he filed two?

One in May 2001 and one in November last year. I need to read the whole thing. The one in 2001 still pending. Gee, I love this "liberal" media.

[sam sarrha]

2. see "Breaking News", 'Electorial unrest goes beyond California'

Jamesinca, Sun Oct05 03 02:23pm The TRUTH is out there...just not on the NEWS. This explains it all...

[teryang]

3. You found it!

I think Arnold and Maria should disclose their stock and bond holdings. I bet there would be an apparent conflit of interest.


<The lawsuit, filed in Los Angeles Superior Court on November 20, 2002, was brought by Bustamante as a private citizen on behalf of California taxpayers. The lawsuit names
the McGraw-Hill Companies, Inc., and 38 natural gas traders and generators and their subsidiaries, including Reliant Energy Inc., Mirant California, Duke Energy, Dynegy, Sempra and the El Paso Corporation.

The 18-page complaint alleges criminal conduct on the part of the generators for falsely reporting the cost and volume of natural gas to publications that maintain the natural gas price indexes, which help determine how much money millions of Californians will pay for electricity. The complaint further alleges the publishers of Gas Daily and Inside FERC Gas Market Reports conspired with the generators and traders to knowingly report false information and failed to verify information given to them by the market participants named as defendants. The two industry journals are published by Platts, a division of the McGraw-Hill Companies, Inc. >

[madfloridian]

4. Kick for importance.

:kick:

This really dropped.

[Zhade]

5. Kick

NT!

[MrPrax]

6. Palast has a good rap on this lawsuit

Arnold Unplugged
It's hasta la vista to $9 billion if the Governator is selected
Greg Palast
Friday, October 3, 2003: (The Observer)
from: http://www.informationclearinghouse.info/article4883.htm

The wannabe governor has yet to deny that on May 17, 2001, at the Peninsula Hotel in Los Angeles, he had consensual political intercourse with Enron chieftain Kenneth Lay. Also frolicking with Arnold and Ken was convicted stock swindler Mike Milken.

Now, thirty-four pages of internal Enron memoranda have just come through this reporter's fax machine tell all about the tryst between Maria's husband and the corporate con men. It turns out that Schwarzenegger knowingly joined the hush-hush encounter as part of a campaign to sabotage a Davis-Bustamante plan to make Enron and other power pirates then ravaging California pay back the $9 billion in illicit profits they carried off.

Here's the story Arnold doesn't want you to hear. The biggest single threat to Ken Lay and the electricity lords is a private lawsuit filed last year under California's unique Civil Code provision 17200, the "Unfair Business Practices Act." This litigation, heading to trial now in Los Angeles, would make the power companies return the $9 billion they filched from California electricity and gas customers.

It takes real cojones to bring such a suit. Who's the plaintiff taking on the bad guys? Cruz Bustamante, Lieutenant Governor and reluctant leading candidate against Schwarzenegger.

Now follow the action. One month after Cruz brings suit, Enron's Lay calls an emergency secret meeting in L.A. of his political buck-buddies, including Arnold. Their plan, to undercut Davis (according to Enron memos) and "solve" the energy crisis -- that is, make the Bustamante legal threat go away.

more at link...
Basically CA will lose 9 billion if they elect Arnold--the lawsuit is solid

[teryang]

7. kick

:kick:

[UTUSN]

8. Kick n/t