Hawaiian vs. Mesa lawsuit, Mesa CFO put on leave...
09-23-2007, 06:33 AM
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Hawaiian vs. Mesa lawsuit, Mesa CFO put on leave...
Read the full article here:
http://www.honoluluadvertiser.com/ap...709230339/1071
After more than a year, the lawsuit finally goes to trial on Tuesday.
Mesa Air Group Chief Financial Officer Peter Murnane has recently been put on "administrative leave" pending an investigation for tampering with computer evidence. He is alleged to have deleted files from his computer, then asking for advice on how to make deleted files appear to have never existed in the first place. This allegedly took place just a week after Hawaiian filed their lawsuit and Mesa's in-house counsel instructed all management to preserve documents and data.
http://www.honoluluadvertiser.com/ap...709230339/1071
After more than a year, the lawsuit finally goes to trial on Tuesday.
Mesa Air Group Chief Financial Officer Peter Murnane has recently been put on "administrative leave" pending an investigation for tampering with computer evidence. He is alleged to have deleted files from his computer, then asking for advice on how to make deleted files appear to have never existed in the first place. This allegedly took place just a week after Hawaiian filed their lawsuit and Mesa's in-house counsel instructed all management to preserve documents and data.
Jonathan Ornstein's press release...
"Our policy is to comply with only the highest ethical standards of conduct and, if we become aware of potential or alleged violations of such standards, to conduct an appropriate investigation and to take appropriate action when warranted."
"Our policy is to comply with only the highest ethical standards of conduct and, if we become aware of potential or alleged violations of such standards, to conduct an appropriate investigation and to take appropriate action when warranted."
Excerpt from the Honolulu Advertiser:
Scott Hamilton, a Washington state-based aviation industry consultant, believes Hawaiian's lawsuit could drive go! out of the local market. He noted that Mesa is financially vulnerable these days as its balances have dwindled by about $100 million to $245 million since the start-up of go!
"When you consider the declining cash balance of Mesa since they started go!, I could see a scenario where the damages could equal their cash flow," said Hamilton. "In the worst case scenario ... it could drive them into bankruptcy."
Scott Hamilton, a Washington state-based aviation industry consultant, believes Hawaiian's lawsuit could drive go! out of the local market. He noted that Mesa is financially vulnerable these days as its balances have dwindled by about $100 million to $245 million since the start-up of go!
"When you consider the declining cash balance of Mesa since they started go!, I could see a scenario where the damages could equal their cash flow," said Hamilton. "In the worst case scenario ... it could drive them into bankruptcy."
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