Tuesday, June 14, 2005

COHEN: THEY PINCHED MY PENSION

I think this is worth lifting up from the comment box: Leonard Cohen has hit back against the extortion claims:

"The suit filed by the Agile Group Monday, June 6, 2005 is completely consistent with Agile's reckless disregard for its client and his investments.

We had hoped to reach an out-of-court settlement with Agile that
returned to Mr. Cohen some portion of the retirement money the firm was authorized to administer on his behalf. Instead, in the middle of negotiations to determine Agile's responsibilities to Mr. Cohen to compensate him for money lost under their management, Agile launched a surprise attack in an effort to besmirch the reputation of one of its notable clients.

Agile repeatedly failed to alert Mr. Cohen to true account balances
while allowing improper and unauthorized withdrawals by Cohen's former business manager. In doing so Agile failed to protect Mr. Cohen's interests and retirement savings and knowingly misled him by providing inaccurate financial reports.

We will of course file a counter suit that lays out in detail how Agile
acted in a reckless way that violated the firm's fiduciary responsibilities towards Cohen and consequently resulted in the loss of Mr. Cohen's retirement savings."


Blimey. You're better off shoving it under the mattress at Cohen's age, aren't you?