Enron Mail

From:sbhalla@milbank.com
To:richard.b.sanders@enron.com
Subject:Depo. of Bruce Karsh
Cc:
Bcc:
Date:Thu, 3 Aug 2000 15:20:00 -0700 (PDT)

Richard,

Today I attended the deposition of Bruce Karsh, President and Principal of
Oaktree Capital Management.? Dan Lefler, representing SDI, took the lead and
asked questions regarding why Karsh chooses to invest in certain companies,?
and why he chose to invest in NSM.? Karsh did not mention Enron or ECT, and
he stated that the reason he invested in NSM was two fold -- first, he knew
SDI was involved and second, he knew Busse was involved and both would bring
great experience to the project.?

Karsh was asked about the terms of the settlement agreement with Enron.? I
objected.? Karsh did not answer the question.? It was left open as to whether
we would produce the settlement agreement.? We will not produce the
settlement agreement and will oppose any attempt by Oaktree to voluntarily
produce the agreement.?

Please call me at (213) 892-4556if you have any questions.?

Sabina Bhalla

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