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Cc: bruce.lundstrom@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: bruce.lundstrom@enron.com X-From: Gail Brownfeld X-To: Stephanie Harris@ENRON, Rob.Walls@Enron.com, Rebecca McDonald X-cc: Mark E Haedicke@ECT, Bruce Lundstrom, Richard B Sanders@ECT X-bcc: X-Folder: \Richard_Sanders_Oct2001\Notes Folders\All documents X-Origin: Sanders-R X-FileName: rsanders.nsf As we have referenced in our monthly report, Enron is involved in a dispute with Mr. Friedman concerning his involvement in a proposed natural gas transportation and marketing arrangement in the Republics of Mozambique and South Africa (the "Pande Project"). Mark Wawro at Susman Godfrey has been representing Enron Southern Africa Development and Enron Oil and Gas Mozambique in negotiations with the Friedmans' lawyer, Jim Reed, at Looper Reed. On January 16, 2001, the above referenced lawsuit was filed despite the fact that the parties had recently met to discuss their respective positions and had agreed to exchange documents. The lawsuit was filed in the 133rd Judicial District Court of Harris County and, therefore, is pending before Judge Lamar McCorkle. The defendants have not been served and the plaintiffs' lawyer has asked Mr. Wawro to accept service on their behalf. The plaintiffs allege that the defendants breached the subject consulting agreement by "failing to honor and denying any intention to honor, their Development Fee and Investment Right obligations under the Consulting Agreement". More specifically, plaintiffs seem to be complaining about a failure of the defendants to pay a percentage of the $30 million allegedly received in connection with the transfer of defendants' interest in the Pande Project and termination of the plaintiffs' consulting agreement The plaintiffs have also demanded an accounting as well as pre and post judgment interest. A specific dollar amount of the damages sought was not provided. Please call me if you have any additional questions about this matter.
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