I nod. “That’s the weird part. I know Pete really well, and I don’t think he was angry at all. I think he wants me to do this.”
You would never know that twenty-six people died here.
It’s a vacant lot now, actually cleaner than some of the other vacant lots in this neighborhood. I guess when rubble includes a lot of charred bodies, the city pays more attention to the cleanup. Generally, a dead-end street like this would not get much attention, and the other vacant lots are evidence of that.
Laurie and I are on Chapman Street in Paterson, not far from Eastside High School, which is my alma mater. The area was rundown then, and is worse now. It’s late afternoon, so students are walking home, regarding us curiously but not overly so.
We like to start a case by going to the scene of the crime, but the value is certainly limited in this case. The crime itself, to say nothing of the years since, has literally wiped away the scene.
The discovery documents started coming in a few hours before we came here, and I took the time to look at the ones relating to the scene, so I’ve seen contemporaneous pictures, and read a few witness reports. I’ll go over them in far more detail later, but doing the little that I did helps me to understand what we’re looking at.
“Certainly wasn’t a random crime,” Laurie says. “They chose the house to hit.”
“How do you know that?”
“Random criminals generally pick targets that allow for an easy getaway. It’s why there are more drive-by shootings than walk-by ones.”
I know what she’s getting at, but I don’t interrupt.
She points. “This is the seventh lot in on a dead-end street. Even allowing for wanting privacy in the commission of the crime, which might therefore eliminate the corner house and maybe the one next to it, there is no reason they would have come this far down the block. Not unless they were targeting this particular house.”
“I agree, but it doesn’t help us,” I say. “The allegation is that Noah was targeting his drug suppliers, and had been to this house before to purchase his drugs. So he certainly would have bypassed the first six houses and gone after this one.”
“Do they think he drove here?”
“I don’t know what they think, but I can’t imagine he did. He had lost everything, so I doubt he had a car.”
She nods, and walks toward one of the other buildings. We stare at it, and I wait until she tells me what I’m supposed to be thinking.
“Three floors, maybe three apartments to a floor? Maybe an average of at least three people per apartment?”
I nod. “Sounds right That’s twenty-seven people, close to the number that died.”
“Fifteen buildings on the street, both sides, so maybe four hundred people living on this street. What time was the fire?”
“Just after midnight,” I say
“And it happened in the summer, right?”
“July fourteenth.”
“We need to check the weather that evening,” she says. “If it was a hot night and not raining, some people might have been outside, even at that hour. Someone should have seen something.”
“And it was a chemical fire. The perp would have had to be carrying the materials to start it. Might have made them stand out some. We’ll have to canvass the neighborhood, and identify people that have moved away.”
“The perp?” she asks, mimicking me.
I nod. “It stands for ‘perpetrator,’ which means bad guy. It’s crime talk; sorry, I sometimes lapse into my native tongue.”
I’m trying to find some humor in this, but it’s hard, because it’s not going to be fun. It’s going to be a long, painstaking investigation, essentially duplicating Pete’s failed one. And he and his colleagues had the advantage of working when the crime was fresh.
And when it’s all over, one of two things will happen. Either a guy I like will go to prison for the rest of his life, or I’ll be devoting months of my own life to something I have absolutely no desire to do. Or both.
We head back to the office, and I call Hike on the way, asking him to head down there, so that we can go over the discovery documents. It’s a difficult process; by definition it will show the odds to be heavily stacked against the defendant, which is why they arrested him in the first place.
Hike agrees to meet me at the office; he would agree to meet me in a swamp in the Everglades if he could bill by the hour. “None of my business,” he asks, “but are you getting paid for this?” He knows that I have taken a few cases in recent years with clients that had no money.
“No.”
“Let me put it another way. Am I getting paid for this?”
“Yes.”
“You cut a lot of classes in law school? Maybe the ones where they went over compensation and client billing?”
I’ve just realized that as dismal as this looked a few minutes ago, it’s actually worse. I’m doing all of this for nothing, and I’m doing it with Hike.
The most important courtroom in America, at least for financial matters, is in Delaware.
Most people are surprised to hear that, since Delaware has never been confused with Wall Street as a center of high finance.
It’s called the Delaware Chancery Court, and it has been home to some of the most significant financial trials in American business history. Many of them have gone completely unnoticed by those outside the business community, but the verdicts have on some level affected everyone.
Delaware’s achieving preeminence in this area was the result of design. Favorable state tax laws attracted companies from all over the country, not to make Delaware their corporate headquarters, but rather to make it the state in which they incorporated. So when those same companies are involved in lawsuits, that is naturally where those suits are tried.
Over time, the court has also come to be known for its competence. It is a place where decisions are rendered by its judges strictly according to the law. Lawyers don’t have to worry about renegade judges making unsupported decisions, and surprises are a rarity. And lawyers hate surprises.
This outstanding legal reputation frequently brings “business” into Delaware by mutual agreement of companies that are not even incorporated there. When these companies enter into contracts with each other, they often agree in advance that if they eventually have a dispute, it will be settled in Delaware.
So Judge Walter Holland, chief judge of the Chancery Court, had a very important job, and he took that job very seriously. Blessed with an outstanding legal mind, and having earned a reputation for impeccable integrity, he had long been considered a lawyer’s judge. That is, he would decide cases strictly according to the law, and he possessed a keen understanding of that law.
No surprises.
On this day Judge Holland sat in his courtroom moments before he was to hear opening arguments in a dispute concerning an attempted takeover of Milgram Oil and Gas. In his position as chief judge, it was easy for him to arrange to hear the case himself, and that’s what he did.
As companies in the energy field go, Milgram was a relative pygmy, with a market capitalization of less than a billion and a half dollars. The company attempting the takeover was Entech Industries, a smallish energy firm, based in Philadelphia and run by CEO Alex Bauer. Entech Industries had owned about three percent of Milgram, but then suddenly bought another fifteen percent.
Milgram, correctly anticipating a takeover move by Entech, adopted what is known as a poison pill defense. Simply put, the measure said that if any outside investor bought enough shares to own in excess of twenty percent of the company, then all existing shareholders had the right to buy more shares at a discount.
This maneuver would have the effect of diluting Entech’s shares, and making an ultimate takeover difficult, if not impossible. So Bauer and Entech sued, claiming the poison pill defense in this case was illegal.