Defense Base Act Compensation Blog

The Modern Day DBA Casualty

Posts Tagged ‘Ms Sparky’

DynCorp Investigations

Posted by defensebaseactcomp on April 12, 2010

Downgrades & investigations – DynCorp aquisition could be a bumpy ride

Thanks to Forseti at Ms Sparky’s  for reporting

Rigrodsky & Long, P.A. Announces Investigation of DynCorp International Inc.

WILMINGTON, Del., Apr 12, 2010 (BUSINESS WIRE) — Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of DynCorp International Inc. (“DynCorp” or the “Company”)  concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into a definitive agreement to be acquired by Cerberus Capital Management, L.P. (“Cerberus”) in a transaction valued at approximately $1.5 billion.

Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of DynCorp International, Inc. – DCP

NEW YORK–(BUSINESS WIRE)– Levi & Korsinsky is investigating the Board of Directors of DynCorp International, Inc. (“DynCorp” or the “Company”) (NYSE: DCP) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to affiliated funds and/or managed accounts of private investment firm Cerberus Capital Management, L.P. (“Cerberus”). Under the terms of the transaction, DynCorp shareholders will receive $17.55 in cash for each DynCorp share of common stock they own for a total transaction value of approximately $1.5 billion.

Wells Fargo Downgrades DynCorp (DCP) to Market Perform Following $17.55/Share Cash Offer

DynCorp (DCP) Agrees To $1.5 Billion Private Equity Takeover Wells Fargo has just issued a mid-day downgrade on shares of DynCorp International (NYSE: DCP); the firm now rates the stock a Market Perform, down from Outperform previously. Wells Fargo raised its valuation range from $15-$17 to $17.55.

The downgrade follows news this morning that DynCorp will be acquired by PE firm Cerberus Capital for $17.55/share. Shares of DynCorp. have surged more than 48% today

Be sure to read this post at Ms Sparky’s with the comments

Posted in Contractor Casualties and Missing, Dyncorp | Tagged: , | Leave a Comment »

A New Years Toast

Posted by defensebaseactcomp on January 1, 2010


T. Christian Miller for your years of work exposing the injustices against killed and injured contactors be they expats, TCN’s, or local nationals.

You’ll get an award of some kind for this one day, really….

Everyone one of you who contributes to and supports this blog named and anonymous.

May our efforts bring forth a new day for the DBA

Jana Crowder who started American Contractors in Iraq but gave it to Marcie  in December of  2008 rather than shut it down and continues to support our efforts despite trying to get a life.

May we find our way to the same watering hole one day soon

Debbie Crawford aka Ms Sparky for her unconditional support and work at exposing the truth in so many issues that directly effect injured and killed contractors.

May you join us at the watering hole

Dennis Kucinich, Bernie Sanders, Elijah Cummings and the Domestic Policy Committee for their efforts this past year.  You were awesome.

May we continue to be in your thoughts and efforts, we are poster children for health care reform, aka stop feeding the insurance companies

There are many others who help us here but it would not be in their best interest to name them.

Happy New Year to you all

Posted in Injured Contractors, T Christian Miller, Uncategorized | Tagged: , , , , , , , , | 3 Comments »

KBR Failed To Protect Troops and Contractors in Iraq

Posted by defensebaseactcomp on August 4, 2009

Senate Democrats charge that KBR failed to protect troops in Iraq from “deadly poison”

Workers — civilians as well as U.S. troops — were exposed to hexavalent chromium as KBR raced to repair a water treatment plant near Basra to get the oil flowing again in 2003.

But the troops’ exposure to the cancer-causing chemical didn’t come to light until a June 2008 oversight hearing. Ed Blacke, a fomer KBR safety official testified that he was sent home from Iraq in 2003 after raising concerns about the reddish-orange powder piled at the plant.

Blacke told Dorgan’s committee that in addition to KBR employees, hundreds of U.S. troops were surrounded by the toxic powder as they slept, ate and patrolled at the Qarmat Ali plant between April and August 2003.

See MsSparky for full story

Posted in Toxic Exposures | Tagged: , , , , , | Leave a Comment »

DoDIG blames system failure in death of Ryan Maseth

Posted by defensebaseactcomp on July 27, 2009

By KIMBERLY HEFLING (AP) – 1 hour ago

WASHINGTON — The Defense Department’s Inspector General has determined that military leaders and a military contractor failed to protect a Green Beret who was electrocuted while showering in his barracks in Iraq.The 2008 death of 24-year-old Staff Sgt. Ryan Maseth has triggered investigations into the other electrocution deaths of U.S. troops and the review by the Defense Department’s IG.The inspector general says that “multiple systems and organizations” failed and exposed Maseth to “unacceptable risk.” That’s according to a summary of the IG’s findings obtained by The Associated Press.

It specifically spells out that KBR Inc. installed improperly grounded equipment that faulted and led to Maseth’s death. Full Story Here

More on Ryan Maseth and electrocutions Ms Sparky

Posted in KBR | Tagged: , , , | 1 Comment »

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