Karl W.Miller Files Complaint with the North Carolina State Bar Seeking to Formally Disbar George Rountree III, and Expresses Gratitude to Market Participants for Their Overwhelming Support
Monday, Sep 28,2009, 2:49:04 PM Click:
Karl W. Miller Files Complaint with the North Carolina State Bar to formally disbar George Rountree III, the lead independent director of MMC Energy, Inc., and expresses gratitude to market participants for their tremendous support.
Mr. Miller's Complaint to the North Carolina State Bar Association (http://www.ncbar.gov/public/) was filed on the basis of protecting the public, given DEFENDANT Rountree acts as a Director of public companies MMC Energy, Inc. and Southern Union Corporation and also actively solicits trust work in the State of North Carolina and is charged with serving the interest of numerous constituents as a currently licensed attorney at the firm Rountree, Losee and Baldwin in Wilmington, North Carolina.
While the details of the complaint are confidential, the complaint contains detailed facts and circumstances of alleged gross misconduct by DEFENDANT Rountree dating back to 2006 when DEFENDANT Rountree was appointed to the MMC Board of Directors during the timeframe when Mr. Miller was the Chairman and CEO of MMC to the current date.
The complaint contains detailed facts and circumstances of alleged allegations against DEFENDANT Rountree include but are not limited to fraud, gross misconduct, and breach of fiduciary duty, conflict of interest, and unfitness to serve as a licensed and practicing attorney in the State of North Carolina or any reciprocal jurisdictions.
The complaint requests a special investigative team with no contact or relations to DEFENDANT Rountree be put in place to investigate DEFENDANT Rountree, seeks to have DEFENDANT Rountree voluntarily forfeit his law license during the investigation and judicial period, to prohibit DEFENDANT Rountree from acting as Trustee or holding or administering third party assets, and that his Trustee and billing accounts be audited by the special investigative team dating back at least five years or more at their discretion.
Mr. Miller, a respected senior energy industry executive has been on medical disability since September 2008 and is currently recuperating from multiple life threatening colon operations, a massive pulmonary embolus and other medical complications.
Throughout his disability, being in tremendous pain and suffering and life threatening medical situations, Mr. Miller and his family have sustained a continuous onslaught of virulent attacks and harassment authorized and sanctioned DEFENDANT Rountree, current CEO Michael Hamilton, other defendants and their agents Kasowitz, Benson, Torres and Friedman, LLP, among other agents under their control using MMC Energy, Inc. shareholder funds, including false accusations of fraud and wrongdoing.
The most heinous of the attacks and actions occurring while Mr. Miller was in intensive care at the hospital, when DEFENDANT Rountree, who also serves as the Chairman the MMC compensation committee and controls the health insurance plan, had Hamilton and the Company's agents threaten and attempt to extort Mr. Millers wife, by threatening to retroactively remove their family health insurance policy with Aetna, unless she agreed to commit fraud by back dating and signing insurance documents, and agree to a change in insurance providers, as well as denying her family the guaranteed right to convert the Aetna insurance policy to a personal insurance policy, among other numerous outrageous threats and extortion attempts.
Mrs. Miller, who has been given power of attorney over Mr. Miller's medical affairs given the critical nature of his illness, was caused severe emotional distress and was forced to retain legal counsel in the State of Florida where the Millers maintain residence and file an immediate lawsuit against DEFENDANT Rountree and other defendants to protect Mr. Miller and their family health insurance.
Mr. Miller and his family have received an overwhelming show of support from the energy market and industry participants who have condemned the extreme and outrageous conduct by DEFENDANTS Rountree, Hamilton, and their agents.
Despite the continued virulent and heinous attacks on Mr. Miller and his family while being critically ill, Mr. Miller has continued to act with dignity and grace as a respected energy market professional. While dealing with tremendous pain and discomfort, when able Mr. Miller has provided substantial pro-bono advice and consultation to energy industry executives and other market participants seeking his assistance and expertise to form U.S. Energy Policy and other related matters.
Mr. Miller would also like to thank the Federal Courts for seeing through the baseless and fraudulent claims made by DEFENDANT Rountree, Hamilton and other defendants against him. On September 14, 2009 The Southern District of New York Federal Court ordered that all of the claims of wrongdoing by Mr. Miller including fraud and tortuous interference with advantageous business relations, that DEFENDANT Rountree, Hamilton and their agents caused to be falsely filed against Mr. Miller, were ordered dismissed with PREJUDICE, indicating that the DEFENDANT Rountree, Hamilton and the Company failed to substantiate these false claims with any evidence whatsoever, and was only "vaguely" able to allege injuries sustained.
The Court's decision held that the DEFENDANT Rountree, Hamilton and the Company failed to demonstrate that Mr. Miller made any misrepresentations or omissions with respect to any duty he owed to the Company after leaving. The Court also denied the Company's motion seeking a default judgment against Mr. Miller.
Mr. Miller and his family were the largest individual shareholders of MMC and have never had reason to harm the company. Mr. Miller is deeply saddened by the fact that MMC, a portfolio company he founded, personally guaranteed the debt of initially, took public on the NASDAQ, and left in the hands of DEFENDANT Rountree and other defendants well capitalized and profitable, is being liquidated under their stewardship.
Mr. Miller is also deeply saddened by the fact that the remaining shareholder funds continue to be wasted by DEFENDANT Rountree, Hamilton, other defendants and their agents Kasowitz, Benson, Torres and Friedman, LLP, among other agents under their control through continued virulent attacks on he and his family for litigation that is not in the best interests of the company or its shareholders and through the payment of golden parachutes.
Mr. and Mrs. Miller have filed civil tort claims against DEFENDANT Rountree, Hamilton, Richard Bryan and Sylvia Rountree for fraud, extortion, conspiracy among other actions in the State of Florida, and intend to bring all of the defendants before a jury trial for their virulent and heinous actions.
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