Status of Betancourt litigation: Wael asks US Federal Court for ruling of summary judgement because he claims everything he repesented to the court is an undisputed fact and everything Betancourt represented to the court has absolutely no basis or validity. Also, BTU Power Company's "...vital relationship with its roster of international, institutional investors."

Bottom line, Betancourt has to submit an opposition to Wael Al Mazeedi's motion for summary judgement for the following reasons:

Wael is asking the judge to rule absolutely in his favor regarding 1) the complaint he filed against Betancourt and 2) Betancourt's counterclaims against him; because, as Wael claims, that there are no disputes as to the facts.  

• He is representing that everything he has told is the absolute truth and has been proved already through discovery.  
• The corollary to the previous statement is his claim that Betancourt has stated nothing but lies in his defense and his counterclaims and that this has been proved through discovery. 
• The following statement, from WilmerHale and Wael Al Mazeedi, knowing what we know now about the status of Wael Al Mazeedi's "...relationships with its roster of international, institutional investors" is great.  From the MOTION TO PLACE UNDER SEAL THE SECOND AFFIDAVIT OF DEFENDANT MARTIN BETANCOURT
• It appears, rather, that the predominant purpose of the Second Affidavit is to take advantage of this Court and of this Court’s clerk’s office as a new, arguably privileged platform from which Betancourt can continue to broadcast his long-running campaign of vilification designed to disrupt BTU’s vital relationships with its roster of international, institutional investors.  [Observation:  How has the relationship with the roster of international, institutional investors (e.g. Qatar National Bank, Qatar Investment Authority, Dubai Islamic Bank, etc.) been disrupted.... because WAM's been "jerking them around" and "ripping them off" for more than a half decade.]
• 5. the Second Affidavit is extraordinary because of its larger, unacknowledged purpose. Although it drastically undermines his position in this litigation, Betancourt uses the Second Affidavit to pursue, through this Court, his longstanding campaign to subvert BTU and to destroy its reputation among its investors. Fully eleven pages of his twenty-one page affidavit are devoted to a detailed account of alleged wrongdoing on the part of BTU and its chairman, allegedly contrary to the interests if its investors. Betancourt’s tall tales of corporate skullduggery, extending back to years before he even joined BTU  

• The following is from the QATAR INVESTMENT AUTHORITY'S PETITION TO THE GRAND COURT OF THE CAYMAN ISLANDS TO WIND-UP (i.e. liquidate) BTU POWER COMPANY.
• The Manager and Almazeedi have consistently refused to provide the Petitioners and the Supporting Preference Shareholders with crucial information pertaining to their investments in the Company to which they are contractually entitled.
• In breach of its contractual obligations, the Company (acting through Almazeedi) refuses to allow the Petitioners to exercise their audit rights in a timely fashion, or at all.
• The relationship between the Company, Almazeedi and the Manager, on the one hand, and the Petitioners and the Supporting Preference Shareholders, on the other hand, has irretrievably broken down. The Petitioners and the Supporting Preference Shareholders have justifiably lost all confidence in Almazeedi and the Manager to manage the Company's affairs and its investments in the best interests of the Preference Shareholders.
• The Manager and Almazeedi are misusing their positions to benefit themselves to the detriment of the Company and the Preference Shareholders.
• Other than by presenting the Petition, due to their limited voting rights, the Petitioners and the Supporting Preference Shareholders have no ability to remove Almazeedi and/or the Manager.
• Since the inception of the Company, the Manager and Almazeedi have distributed to the Petitioners only US$576,000 in dividends (despite the Company's underlying assets generating substantial earnings during that time). 
• In stark contrast during this time the Manager and Almazeedi have apparently spent Company funds in an amount of approximately US$12- $15m on expenses relating to an exit or restructuring of the Company; and
• borrowed an additional US$9.3m from the Company.

The deadline for Betancourt's opposition is December 16, 2011.

The following is the entire court docket to date for the Betancourt litigation.  It exemplifies perfectly Wael Al Mazeedi's approach to pretty much anything and anybody that stands in the way of his appropriation of the Middle East investors' cash flow:

"Use money that does not belong to him to litigate to death anybody that challenges him regarding the misuse of that money."

It will soon be three years since Al Mazeedi initiated this particular litigation. As can be seen below, hundreds of documents (totaling thousands of pages) have been filed.

• Undoubtedly X millions of dollars of the Middle East investors' money has been spent by Wael Al Mazeedi on WilmerHale, FoleyHoag, and Leonard Learner to prosecute this litigation.
• Undoubtedly XXX thousands of dollars of Betancourt's personal money has been spent by him to defend himself.

1:09-cv-10058-JLT BTU Ventures, Inc. et al v. Betancourt

Joseph L. Tauro, presiding
Marianne B. Bowler, referral
Date filed: 01/15/2009
Date of last filing: 11/22/2011

History

Doc. No.	Dates	Description
	Filed & Entered:   01/15/2009	Notice of Case Assignment
	Filed & Entered:   01/15/2009	Order on Motion for TRO
	Filed & Entered:   01/15/2009	Filing Fee/Payment Received
1	Filed & Entered:   01/15/2009	Complaint
2	Filed & Entered:   01/15/2009 Terminated: 01/15/2009	Motion for TRO
3	Filed & Entered:   01/15/2009	Memorandum in Support of Motion
4	Filed & Entered:   01/15/2009	Affidavit
5	Filed & Entered:   01/15/2009	Affidavit
6	Filed & Entered:   01/15/2009	Certificate of Consultation pursuant to LR 7.1
7	Filed & Entered:   01/15/2009	Corporate Disclosure Statement
8	Filed & Entered:   01/15/2009	Corporate Disclosure Statement
9	Filed & Entered:   01/15/2009	Summons Issued
10	Filed & Entered:   01/16/2009 Terminated: 02/11/2009	Motion for Order
11	Filed & Entered:   01/20/2009	Summons Returned Executed
	Filed & Entered:   01/22/2009	Notice of Hearing
	Filed & Entered:   01/29/2009	Order on Motion to Continue
12	Filed & Entered:   01/29/2009	Notice of Appearance
13	Filed & Entered:   01/29/2009 Terminated: 01/29/2009	Motion to Continue
14	Filed & Entered:   02/05/2009 Terminated: 02/23/2009	Motion to Dismiss
15	Filed & Entered:   02/05/2009	Memorandum in Support of Motion
16	Filed & Entered:   02/09/2009	Memorandum in Opposition to Motion
17	Filed & Entered:   02/10/2009	Affidavit in Support
	Filed & Entered:   02/11/2009	Motion Hearing
	Filed & Entered:   02/11/2009	Order on Motion for Order
	Filed & Entered:   02/11/2009	Order on Motion to Dismiss
18	Filed: 02/11/2009 Entered: 02/12/2009	Notice of Appearance
	Filed: 02/23/2009 Entered: 03/03/2009	Terminate Motions
19	Filed & Entered:   02/23/2009	Memorandum & ORDER
20	Filed & Entered:   02/23/2009	Temporary Restraining Order
21	Filed & Entered:   03/05/2009 Terminated: 03/06/2009	Motion to Modify
23	Filed: 03/05/2009 Entered: 03/11/2009	Sealed document
	Filed & Entered:   03/06/2009	Order on Motion for Modification
22	Filed & Entered:   03/06/2009	Affidavit
	Filed & Entered:   03/11/2009	Electronic Endorsement (non-order)
24	Filed & Entered:   03/17/2009	Transcript
25	Filed & Entered:   03/17/2009	Notice of Filing of Official Transcript
26	Filed & Entered:   04/01/2009	Notice of Appearance
27	Filed & Entered:   04/01/2009	Notice of Withdrawal of Appearance
28	Filed & Entered:   04/27/2009 Terminated: 04/30/2009	Motion for Miscellaneous Relief
29	Filed & Entered:   04/27/2009 Terminated: 04/29/2009	Motion for Miscellaneous Relief
	Filed & Entered:   04/28/2009	Notice of correction to docket made by Court staff
	Filed: 04/29/2009 Entered: 04/30/2009	Order on Motion for Miscellaneous Relief
30	Filed: 04/29/2009 Entered: 04/30/2009	Order
	Filed & Entered:   04/30/2009	Order on Motion for Miscellaneous Relief
31	Filed & Entered:   05/20/2009	Mail Returned
32	Filed & Entered:   06/18/2009	Affidavit
	Filed & Entered:   06/19/2009	Order on Motion to Seal Document
33	Filed & Entered:   06/19/2009 Terminated: 06/19/2009	Motion to Seal Document
34	Filed & Entered:   07/06/2009	Stipulation
35	Filed & Entered:   07/10/2009	Amended Complaint
36	Filed & Entered:   07/17/2009 Terminated: 07/24/2009	Motion for Extension of Time to File Answer
37	Filed & Entered:   07/23/2009	Response
	Filed & Entered:   07/24/2009	Order on Motion for Extension of Time to Answer
38	Filed & Entered:   08/04/2009	Notice of Appearance
39	Filed & Entered:   08/25/2009	Notice of Withdrawal of Appearance
40	Filed & Entered:   08/27/2009	Answer to Amended Complaint
41	Filed & Entered:   08/28/2009	Sealed document
42	Filed & Entered:   09/01/2009	Summons Issued
43	Filed & Entered:   09/04/2009	Certificate of Service pursuant to LR 5.2
44	Filed & Entered:   09/15/2009 Terminated: 09/22/2009	Motion for Extension of Time
45	Filed & Entered:   09/21/2009	Notice of Appearance
	Filed & Entered:   09/22/2009	Order on Motion for Extension of Time
46	Filed & Entered:   09/22/2009	Notice of Withdrawal of Appearance
47	Filed & Entered:   10/07/2009 Terminated: 04/13/2010	Motion to Dismiss
48	Filed & Entered:   10/07/2009	Memorandum in Support of Motion
49	Filed & Entered:   10/19/2009 Terminated: 10/21/2009	Motion for Extension of Time
	Filed & Entered:   10/21/2009	Order on Motion for Extension of Time
	Filed & Entered:   10/21/2009	Set/Reset Motion and R&R Deadlines/Hearings
50	Filed & Entered:   11/13/2009	Memorandum in Opposition to Motion
51	Filed & Entered:   01/15/2010 Terminated: 04/13/2010	Motion to Amend
52	Filed: 04/13/2010 Entered: 04/15/2010	Order on Motion to Dismiss
53	Filed & Entered:   04/26/2010 Terminated: 12/07/2010	Motion to Dismiss
54	Filed & Entered:   04/26/2010	Memorandum in Support of Motion
55	Filed & Entered:   05/10/2010	Opposition to Motion
56	Filed: 08/03/2010 Entered: 08/04/2010	Waiver of Service Executed
57	Filed & Entered:   10/13/2010	Joint submission
58	Filed & Entered:   10/22/2010	Notice of Scheduling Conference
59	Filed & Entered:   10/22/2010	Order
60	Filed & Entered:   11/22/2010	Certification pursuant to Local Rule 16.1
61	Filed & Entered:   11/22/2010	Letter/request (non-motion)
62	Filed & Entered:   12/02/2010	Joint submission
63	Filed & Entered:   12/02/2010	JOINT STATEMENT re scheduling conference
64	Filed & Entered:   12/02/2010	Certification pursuant to Local Rule 16.1
	Filed & Entered:   12/07/2010	Scheduling Conference
65	Filed: 12/07/2010 Entered: 12/08/2010	Order on Motion to Dismiss
	Filed & Entered:   12/08/2010	Set Deadlines/Hearings:
66	Filed & Entered:   12/08/2010	Order Referring Case to Magistrate Judge
67	Filed & Entered:   12/27/2010	Counterclaim
68	Filed & Entered:   12/29/2010	Answer to Counterclaim
	Filed & Entered:   03/14/2011	Order on Motion to Seal
	Filed & Entered:   03/29/2011	Notice of Hearing on Motion
73	Filed & Entered:   04/04/2011 Terminated: 04/05/2011	Motion to Withdraw as Attorney
74	Filed & Entered:   04/04/2011	Notice of Appearance
75	Filed & Entered:   04/04/2011	Notice of Appearance
76	Filed & Entered:   04/04/2011	Notice of Appearance
	Filed & Entered:   04/05/2011	Order on Motion to Withdraw as Attorney
	Filed & Entered:   04/06/2011	Notice (Other)
77	Filed & Entered:   04/08/2011 Terminated: 04/11/2011	Motion to Continue
	Filed & Entered:   04/11/2011	Order on Motion to Continue
	Filed & Entered:   04/11/2011	Notice of Hearing on Motion
78	Filed & Entered:   04/21/2011 Terminated: 04/22/2011	Motion for Extension of Time to Complete Discovery
	Filed & Entered:   04/22/2011	Order on Motion for Extension of Time to Complete Discovery
	Filed & Entered:   04/26/2011	Order on Sealed Motion
	Filed: 04/26/2011 Entered: 04/27/2011	Motion Hearing
	Filed & Entered:   05/04/2011	Set/Reset Scheduling Order Deadlines
79	Filed & Entered:   05/27/2011 Terminated: 06/01/2011	Motion to Continue
	Filed & Entered:   06/01/2011	Order on Motion to Continue
	Filed & Entered:   06/02/2011	Notice Resetting Hearings
80	Filed & Entered:   06/22/2011 Terminated: 06/23/2011	Motion for Protective Order
	Filed & Entered:   06/23/2011	Order on Motion for Protective Order
81	Filed & Entered:   06/23/2011	Protective Order
82	Filed & Entered:   07/01/2011 Terminated: 08/03/2011	Motion to Compel
83	Filed & Entered:   07/01/2011	Memorandum in Support of Motion
84	Filed & Entered:   07/01/2011	Affidavit in Support
85	Filed & Entered:   07/05/2011	Exhibit
86	Filed & Entered:   07/11/2011	Opposition to Motion
	Filed & Entered:   07/12/2011	Notice of Hearing on Motion
	Filed & Entered:   07/12/2011	Notice Cancelling Hearing
87	Filed & Entered:   07/12/2011 Terminated: 07/21/2011	Motion to Intervene
88	Filed & Entered:   07/18/2011	Opposition to Motion
	Filed & Entered:   07/20/2011	Notice of Rescheduling
	Filed & Entered:   07/20/2011	Notice of Hearing on Motion
89	Filed & Entered:   07/20/2011	Motion Hearing
	Filed & Entered:   07/21/2011	Order on Motion to Intervene
90	Filed & Entered:   08/03/2011	Memorandum & ORDER
91	Filed & Entered:   11/02/2011 Terminated: 11/03/2011	Motion to Seal
	Filed & Entered:   11/03/2011	Order on Motion to Seal
92	Filed & Entered:   11/03/2011	Motion for Summary Judgment
93	Filed & Entered:   11/03/2011	Statement of facts
94	Filed & Entered:   11/03/2011	Memorandum in Support of Motion
95	Filed & Entered:   11/03/2011	Motion for Summary Judgment
96	Filed & Entered:   11/03/2011	Statement of facts
97	Filed & Entered:   11/03/2011	Memorandum in Support of Motion
99	Filed & Entered:   11/21/2011 Terminated: 11/22/2011	Motion for Extension of Time
	Filed & Entered:   11/22/2011	Order on Motion for Extension of Time

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