Read Online I'll Take Care of You by Caitlin Rother - Free Book Online
Authors: Caitlin Rother
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Nanetteâs attorney, said later. Hill explained that the workings of the device involved a film that spun around a centrifuge, but the film was too flimsy so it wobbled and malfunctioned. A younger engineer came in and fixed the problem.
Summing up the falling-out he had with Bill, Horowitz told police, âI was frozen out of the company. . . . He sued me. I sued him. That suit was settled in December 30, 1983. . . . I didnât get what I had coming, but I got some.â
Bill ran the company, then sold it to Baxter Healthcare Corporation in 1986 for tens of millions of dollars in anticipated royalties, which would come in quarterly payouts. Horowitz believed he should have been cut in on the deal, so he filed a lawsuit against Bill and Baxter in June 1990. He cited a dozen causes of action, including the failure to pay royalties, interfering with Horowitzâs business activities, unfair competition, and antitrust violations. After that, the only contact Horowitz had with Bill, he said, was through their attorneys.
Bill and Baxter countersued, and Horowitz followed up with two more lawsuits, in 1992 and 1993, with claims of fraudulent misappropriation and deception. Bill responded by saying that Horowitz âhas engaged in conduct that constitutes a waiver of his rights,â that he had âunclean hands,â and that he was simply trying to circumvent the pending arbitration process by filing more lawsuits.
This extensive legal battle became very expensive, complicated, and time-consuming. Bill had received tens of millions in royalties from the blood-plasma device since 1986. However, since the 1990 lawsuit, the disputed half of the quarterly payments had been going into a holding fund Bill couldnât touch, known as an interpleader account, until the courts could decide whether to grant Horowitzâs claim.
Between October 24, 1991, and December 9, 1993, a three-person arbitration panel conducted 126 days of hearings, involving twenty-three witnesses and 1,500 exhibits. More than seventeen thousand pages of court transcripts were generated, and more than 850 pagesâ worth of final briefs were submitted. Final arguments were heard in May 1994.
Horowitz claimed to have lost an estimated $25 million in royalties over a fourteen-year period, and he wanted to be compensated. Accusing Bill and Baxter of secretly conspiring to amend the patent and use the technology to develop products, he tried to block the use of the patent, which, in turn, Bill and Baxter said cost them money.
This highly technical, scientific, and legal morass ended up incurring hundreds of thousands of dollars just to pay the arbitrators, not to mention the millions in legal fees for all the parties involved.
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On the personal side, Bill was described as loving, extremely affectionate with his children, and also very giving to Nanette and her children. But it caused concern for Kim to see him being so affectionate toward Nanette, when his girlfrield didnât seem to return that affection.
âI felt like it was just a little strange and not very romantic,â Kim said.
Patrick said his brother was very generous, pointing to the time when Bill and Sue took in Patrickâs young adopted Korean daughter while she worked out some personal issues. Bill was also a very giving donor to other causes, both on foreign land and at home.
Patrick said Bill always taught his family that because they were more fortunate than most, he wanted his children âto be pilgrims, if you will, and go to some of these places in Mexico or Central America and give back, help them by bringing gifts and wheelchairs and stuff like that down there.â
The message sunk in. Kim not only went to work in orphanages in Mexico during college, she also tried to live her entire life by the credo Bill taught them.
âMy dad never took his successes to heart,â she said.
But according to Billâs cousin Barbara, he was
Summing up the falling-out he had with Bill, Horowitz told police, âI was frozen out of the company. . . . He sued me. I sued him. That suit was settled in December 30, 1983. . . . I didnât get what I had coming, but I got some.â
Bill ran the company, then sold it to Baxter Healthcare Corporation in 1986 for tens of millions of dollars in anticipated royalties, which would come in quarterly payouts. Horowitz believed he should have been cut in on the deal, so he filed a lawsuit against Bill and Baxter in June 1990. He cited a dozen causes of action, including the failure to pay royalties, interfering with Horowitzâs business activities, unfair competition, and antitrust violations. After that, the only contact Horowitz had with Bill, he said, was through their attorneys.
Bill and Baxter countersued, and Horowitz followed up with two more lawsuits, in 1992 and 1993, with claims of fraudulent misappropriation and deception. Bill responded by saying that Horowitz âhas engaged in conduct that constitutes a waiver of his rights,â that he had âunclean hands,â and that he was simply trying to circumvent the pending arbitration process by filing more lawsuits.
This extensive legal battle became very expensive, complicated, and time-consuming. Bill had received tens of millions in royalties from the blood-plasma device since 1986. However, since the 1990 lawsuit, the disputed half of the quarterly payments had been going into a holding fund Bill couldnât touch, known as an interpleader account, until the courts could decide whether to grant Horowitzâs claim.
Between October 24, 1991, and December 9, 1993, a three-person arbitration panel conducted 126 days of hearings, involving twenty-three witnesses and 1,500 exhibits. More than seventeen thousand pages of court transcripts were generated, and more than 850 pagesâ worth of final briefs were submitted. Final arguments were heard in May 1994.
Horowitz claimed to have lost an estimated $25 million in royalties over a fourteen-year period, and he wanted to be compensated. Accusing Bill and Baxter of secretly conspiring to amend the patent and use the technology to develop products, he tried to block the use of the patent, which, in turn, Bill and Baxter said cost them money.
This highly technical, scientific, and legal morass ended up incurring hundreds of thousands of dollars just to pay the arbitrators, not to mention the millions in legal fees for all the parties involved.
Â
Â
On the personal side, Bill was described as loving, extremely affectionate with his children, and also very giving to Nanette and her children. But it caused concern for Kim to see him being so affectionate toward Nanette, when his girlfrield didnât seem to return that affection.
âI felt like it was just a little strange and not very romantic,â Kim said.
Patrick said his brother was very generous, pointing to the time when Bill and Sue took in Patrickâs young adopted Korean daughter while she worked out some personal issues. Bill was also a very giving donor to other causes, both on foreign land and at home.
Patrick said Bill always taught his family that because they were more fortunate than most, he wanted his children âto be pilgrims, if you will, and go to some of these places in Mexico or Central America and give back, help them by bringing gifts and wheelchairs and stuff like that down there.â
The message sunk in. Kim not only went to work in orphanages in Mexico during college, she also tried to live her entire life by the credo Bill taught them.
âMy dad never took his successes to heart,â she said.
But according to Billâs cousin Barbara, he was
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