Motorola's Turkish Telecom Feud Goes To The Court Of Public Opinion
from the odd-moves dept
Back in February we had a post about Motorola and Nokia's charges of racketeering filed against the family who runs a mobile phone firm in Turkey. The charges alleged that the firm, Telsim, convinced Motorola and Nokia to loan them nearly $3 billion dollars, which they then took for themselves, without any intention of paying them back. At the time, I wondered what would ever cause a company to give up that much money to someone - especially when they had a history of not paying back similar loans. The family in question refuses to recognize the jurisdiction of American courts and have refused to show up for any hearing on the matter. However, to fight this, they've decided they're better off focusing on the court of public opinion. They've taken out a series of newspaper ads criticizing Motorola's side of the story, and saying that Motorola misled share holders about the deal in the first place, and recorded the loans as revenue. It seems a bit odd to not show up in American court, but to then use American newspapers (and an American PR firm) to say that they're innocent.Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
I'm glad I don't own any Motorolla stock
[ link to this | view in chronology ]
No Subject Given
[ link to this | view in chronology ]