-310-
From 1981 through 1986, Century Industries received payments
that Kanter contends were “standby commitment fees” to compensate
Century Industries for considering various investment
proposals.127 From 1981 through 1986, Century Industries received
fees from the following entities in the amounts indicated:
Payer 1981 1982 1983 1984 1985 1986
Bayshore Marina -- -- -- -- -- $50,000
Century Capital -- $3,000 -- -- -- --
City & Suburban -- -- -- -- $3,000 --
Distributors
Computer Place- $13,500 7,000 -- -- -- --
ment Services
CPS Inv. -- -- $500 $2,000 3,500 --
Delphi Indus. -- -- -- -- 3,000 --
IRA 4,000 3,000 -- -- 4,000 --
James Ins. Tr. -- -- 5,000 -- -- --
Ry. Placement -- -- 4,500 -- -- --
Services
Satcorp -- -- -- 75,000 -- --
Silite 17,500 7,000 18,000 13,000 11,000 12,000
Stockholder -- -- -- 3,000 -- --
TACI -- -- -- -- 4,500 --
THC -- -- 1,000 -- -- --
Waco Capital -- -- -- -- 1,000 --
Zion -- -- 4,000 -- -- --
35,500 20,000 33,000 93,000 30,000 62,000
Silite, Inc. (Silite), paid Century Industries periodic
retainer fees. Weisgal, Transcr. 4939-4946, 4962-4965; Exhs.
9235, 9240, 9241; Exh. 9243, at 1, 4; Exh. 9244, at 2, 3; Exh.
9245, at 1, 3. Kanter and Weisgal performed the analyses of
127 The recommended finding of fact in the STJ report, at
88, that Century Industries earned standby commitment fees is
manifestly unreasonable. As discussed in detail below, the
record shows Kanter and Weisgal earned the fees in question.
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