Bain Responds to "Frivolous" Lawsuit Filed by Former Club Mediterranee (Club Med) CEO.BOSTON--(BUSINESS WIRE)--Sept. 25, 1997-- The Firm Requests a Change of Venue A change of venue is the legal term for moving a trial to a new location. In high-profile matters, a change of venue may occur to move a jury trial away from a location where a fair and impartial jury may not be possible due to widespread publicity about a crime and/or defendant(s) to France Bain & Company, the global strategic consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , today announced that it has requested a change of venue for the lawsuit brought against it by Serge serge 1 n. A twilled cloth of worsted or worsted and wool, often used for suits. [Middle English sarge, from Old French, from Vulgar Latin *s Trigano, former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Club Mediterranee (Club Med Club Med (short for Club Méditerranée) is a French corporation of vacation resorts found in many parts of the world, usually in highly exotic locations. It is seen by many as having started the all-inclusive resort concept, which is now a popular vacationing style for ), a publicly held company headquartered in France. The letter to request a pre-motion conference to determine whether France is the appropriate forum for this case was delivered to the Honorable Judge Denny Chin Denny Chin is a judge on the United States District Court for the Southern District of New York. Chin was nominated by President Clinton on March 24, 1994, and confirmed in August of that same year. He is the first Asian American appointed as a U.S. , the U.S. District Court for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . This is the company's first formal response to the lawsuit. "We are prepared to fight this lawsuit and defend Bain & Company's reputation and professionalism," said David Bechhofer, Vice President, Bain & Company. "We do not understand why this suit has been brought to New York when France is where the work was performed, where all pertinent parties and witnesses reside and where the facts can speak for themselves. We are confident that the truth will be revealed based on the best information available." Bain & Company has additionally released a chronology chronology, n the arrangement of events in a time sequence, usually from the beginning to the end of an event. of events. The firm believes the facts demonstrate this lawsuit's lack of merit. Bain & Company is one of the world's leading global strategy consulting firms, serving clients across five continents. Bain has worked with over 1000 major multinational and other corporations from every economic sector, in every region of the world, to improve and help sustain bottom-line results. Founded in 1973, the company is headquartered in Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , with 24 offices worldwide. -0- Attachment: 1. Chronology of events Bain & Company Serge Trigano Lawsuit Response Chronology of Events January 6, 1997 Bain et Compagnie, SNC SNC St Norbert College (De Pere, Wisconsin) SNC Sistema Nervioso Central SNC Société en Nom Collectif (French: Partnership) SNC Système Nerveux Central (French: central nervous system) , the French subsidiary of Bain & Company, started work to prepare a strategic analysis of Club Mediterranee (Club Med), a publicly held French corporation. Under the approval of Club Mediterranee CEO Serge Trigano, a working group was established to oversee the study. The group was composed of Bain Paris consultants, Club Mediterranee management and shareholder representatives. A report of the working group's findings was scheduled to be reviewed by the end of February 1997. February 7, 1997 As stated in Mr. Trigano's complaint, but unbeknownst to Bain, members of Club Mediterranee's Board of Directors requested Mr. Trigano's resignation. Mr. Trigano refused to step down. February 12-19, 1997 As is customary in preparation of a final report, iterations of the work in progress were reviewed by members of the working group, including Club Mediterranee management, upon their request. No iteration One repetition of a sequence of instructions or events. For example, in a program loop, one iteration is once through the instructions in the loop. See iterative development. (programming) iteration - Repetition of a sequence of instructions. of the report was ever shared outside the working group by Bain. No iteration of the Bain report commented on or criticized any individual at Club Mediterranee. Bain never implied or recommended that Mr. Trigano be replaced. February 19, 1997 Bain delivered the final report to Club Mediterranee management. Mr. Trigano included the Bain report in documentation given to Club Mediterranee's Board of Directors in preparation for their upcoming Board meeting. February 21, 1997 Club Mediterranee announced a 820mm FF ($143mm) write-off. Mr. Trigano resigned as Club Mediterranee CEO at the meeting of the Board of Directors. Club Mediterranee made a public announcement that its Board of Directors had accepted Mr. Trigano's resignation. Additionally, the Board announced Mr. Bourguignon, former CEO of Euro Disney, would replace Mr. Trigano as the future head of Club Mediterranee. Bain first learned of Mr. Trigano's resignation and Mr. Bourguignon's appointment when the public announcement was made. CONTACT: Wendy Miller Rahn Rampton Bain & Company Coltrin & Associates 617/572-2000 212/221-1616 |
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