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<div class="moz-cite-prefix">I just caught up on your latest
addition to your conspiracy theory. What possible financial
responsibility do you think that the volunteer directors of a
non-profit corporation, and the corporation itself for that
matter, have. You threaten suit, but you have to have a
documentable financial loss to sue for compensation. Sue because
you didn’t get the programming you wanted, now there is a laugh.<br>
<br>
I also am unable to make heads nor tails of your statements
regarding the 990 tax form or your comment about how the station
has already released member contact information. They haven’t. Why
not list a specific circumstance that you think is improper along
with the law or regulation that you think it violates, and then
explain what the complaint in your suit would specify? SM<br>
<br>
<br>
<br>
On 6/10/2016 8:43 PM, Scott Peterson wrote:<br>
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<div dir="ltr">Dear Mr./Ms. SM,
<div><br>
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<div>I was wondering if you could help me out with something.
I was looking </div>
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<div>at ways for MCPB Directors and Officers to get insurance
coverage. You</div>
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<div><br>
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<div>know. Just in case there's a big fat lawsuit. I think
that Mr. John Sakowicz</div>
<div><br>
</div>
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<div>brought this up a couple of years ago. And that MCPB
didn't have any</div>
<div><br>
</div>
<div><br>
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<div>such coverage. So I went looking for it. But ran into
this:</div>
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<div><a moz-do-not-send="true"
href="http://www.investopedia.com/terms/u/uninsurable-risk.asp"
target="_blank">http://www.investopedia.com/terms/u/uninsurable-risk.asp</a></div>
<div><br>
</div>
<div><br>
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<div>It's called 'Uninsurable Risk': "A hazard or condition
that has a high</div>
<div><br>
</div>
<div><br>
</div>
<div>likelihood of loss, or in which the insurance would be
considered against</div>
<div><br>
</div>
<div><br>
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<div>the law. Insurance companies limit their losses by not
taking on certain</div>
<div><br>
</div>
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<div>risks that are very likely to soon result in a loss." </div>
<div><br>
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<div><br>
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<div>In fact -- at least according to Mr. Sakowicz -- the
absence of Directors </div>
<div><br>
</div>
<div><br>
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<div>and Officers coverage is one of the factors leading to an
FCC complaint</div>
<div><br>
</div>
<div><br>
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<div>that drained MCPB of $30,000+ in attorney fees. Surely if
MCPB were </div>
<div><br>
</div>
<div><br>
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<div>adequately insured, the insurance company would have paid
for it.</div>
<div><br>
</div>
<div><br>
</div>
<div>Given that MCPB appears to delegate important functions
-- such as </div>
<div><br>
</div>
<div><br>
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<div>the review of Form 990s -- to non-voting directors, what
would be the </div>
<div><br>
</div>
<div><br>
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<div>incentive for any insurance company to cover voting
directors here?</div>
<div><br>
</div>
<div><br>
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<div>Sincerely,</div>
<div><br>
</div>
<div><br>
</div>
<div>Scott M. Peterson</div>
<div><br>
</div>
<div><br>
</div>
<div>Mendocino</div>
<div><br>
</div>
<div><br>
</div>
<div>- - - - - - - - - - - - - - - - - - - - - - - - </div>
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