John R. W. Cracken is an American court lawyer and private investor living in Dallas, Texas. He is the managing partner of The Cracken Law Firm PC. In 2010, Cracken and his legal counsel filed 69,608 individual actions in a Texas state court on behalf of 69,608 consumers against a consumer reporting agency, Trans Union. It is reported by some to be the largest mass filing, by a single law firm, in American history. DLA Piper represents Trans Union in bulk filing and in 2011 the issue was solved around $ 27 million. In 2009, Cracken and his legal counsel filed three mass actions in a New Mexico state court on behalf of 123 customers against certain bankruptcy directors, officials and employees of Eclipse Aviation Corp.. Employees are represented by various law firms, including Gibson, Dunn & amp; Crutcher. This problem was solved in 2012 of approximately $ 41 million. Cracken usually requires class action and mass action.
In addition to legal practice, Cracken and long-term private investment partner John D. Harkey, Jr. and E. Gene Street, were heavily involved in the restaurant industry between 1997 and 2007. They acquired El Chico Restaurants, Inc. (formerly NASDAQ: ELCH), Spaghetti Warehouse, Inc. (formerly NYSE: SWH), along with various private restaurant companies. The resulting company, Consolidated Restaurant Operations, Inc., owns and operates over 100 full-service, casual-dining restaurants in America and abroad. In 2007 they employed more than 5,000 full-time and part-time employees. Harkey bought the majority of Cracken and Street shares in 2007.
Between 1999 and 2001, Cracken and co-founders Harkey and Christopher Hipp founded RocketLogix, Inc. (which later became RLX Technologies, Inc.). Hipp created what is now known as a "blade server", which consolidates high-efficiency server components on a single printed circuit board assembly. This allows data centers to achieve high server density on their Telco shelves. Cracken and Hipp, as CEO and CTO respectively, garnered about $ 60 million of venture capital for RLX. This includes $ 40 million from renowned finance and philanthropist George Soros. To bring RLX blade servers to market, they recruited newly retired executive teams from the former systems division of Compaq Computer Corporation. In 2005, HP bought RLX and today a blade server is offered by many of the world's top server makers, including Cisco, Dell, HP and IBM.
Video John R. W. Cracken
​​â € <â €
While attending the University's law school, Cracken competed in a number of national and intramural competitions. He won first place, best advocate and best brief at Hildebrand University's Moot Court Competition (now Susman Godfrey). Cracken was also a member of the University's National Moot Court Team and ATLA (now AAJ) Mock Trial Team, and the latter won the national championship in 2006. While attending the University, Cracken served as president of Phi Eta Sigma and he was a member of Tau Beta Pi and Texas Wranglers. The university was named Cracken a Goodfellow in the Yearbook of the University Cactus, renamed it on the Board of Directors of the University Co-op, and he was also part of The Order of Barristers.
Maps John R. W. Cracken
Experiment experience
At age 30, Cracken was honored as a Texas lawyer. Between 1987 and 1997, Cracken won more than 30 decisions and/or a settlement of more than $ 1 million for his clients. Between 1994 and 1995, he won about $ 9.5 million in aviation negligence, $ 9.2 million in medical negligence, $ 8.2 million in well-publicized responsibility actions against Taco Bell Corp., $ 7.8 million in aviation action aviation, $ 5.4 million in an insurance-agent negligence act and $ 3 million, $ 1.5 million, and $ 1.4 million, respectively, in three product liability measures. In 1996 Cracken went on to win a settlement of approximately $ 35.7 million in class action against Allstate Insurance Co. and the Farmers Insurance Group. The settlement was mediated by Ken Feinberg's "tsar salary" and included an appearance on the first issues of the First Amendment in question by renowned legal scholar Alan M. Dershowitz. The Texas state court approved the settlement, and at the relevant hearing, Cracken presented the direct testimony of prominent legal scholar Samuel Issacharoff, Arthur R. Miller, and Charles M. Silver. Both insurers are accused of overburdening their policyholders by collecting the premiums of each policyholder from the state-mandated level to the nearest dollar. This settlement means that up to 4.5 million past and present policyholders are eligible for partial refunds.
Investment
At that time, El Chico Restaurants, Inc. (formerly NASDAQ: ELCH) has involved investment banks to sell the company. The sale of El Chico in 1996 was approximately $ 104.4 million. Cracken and Harkey recruit Street, known nationally as a respected restaurant owner, to make an offer for El Chico. Cracken and his partners won an auction with an offer of about $ 65 million.
Furthermore, Spaghetti Warehouse, Inc. (formerly NYSE: SWH) involves an investment bank to sell the company. Sales of Spaghetti Warehouse in 1998 were approximately $ 66 million. Again, Cracken and his colleagues made an offer and won an auction for about $ 62 million. Between 1997 and 2007, Cracken and its partners purchased more than 100 full-service and casual restaurant companies in America and abroad, including Cantina Laredo, Cold River, El Chico, Snack Foods, III Forks, Lucky's and the Spaghetti brand Warehouse. They operate their store through Consolidated Restaurant Operations, Inc., employing over 5,000 full-time and part-time employees and serving more than 25 million customers annually.
RLX Technologies
Cracken, Harkey and Hipp founded RLX Technologies in 1999. Cracken served as CEO, and Hipp served as CTO.
RLX was formed for the prototype and eventually brought to market a new server platform now known as "blade server". The name "server blade" comes from the server form; it combines an ultra-efficient microprocessor made by known Silicon Valley startup Transmeta (formerly NYSE: TMTA) and other efficient server components on a single printed circuit board assembly that allows RLX to stack slats in cabinets mounted on Telco shelves, which materially improve server density per Telco shelf. When the Internet exploded in 2009, the market demanded greater server density - to accommodate the growing content on the Internet - but, the market needed an ultra-efficient server platform to meet those demands. "Blade server" became the industry standard platform in 2005, when HP bought RLX for an undisclosed amount.
Eclipse Aerospace
In 2009, Cracken and Mason Holland partnered with Mike Press, Roel Pieper, and Raul Segredo to form Eclipse Aerospace. They then proceeded to bid on the then bankrupt Eclipse Aviation Corporation, which spearheaded a very lightweight aviation jet category with Eclipse 500 (or E500) and won many awards in connection with the E500. Pieper is the former CEO of Eclipse Aviation. The company attempted a failed reorganization of Chapter 11 bankruptcy in November 2008, which was changed to Chapter 7 bankruptcy dissolution procedure in February 2009. In the last Chapter 7 procedure, the Eclipse Aviation asset was sold to Eclipse Aerospace. Cracken has since withdrawn from the partnership to lead a group of 123 customers in their lawsuit claims against former directors, officials and employees of Eclipse Aviation, and the resulting litigation restores Cracken to legal practice.
Deep Water Horizon
In 2016, Cracken is sued for alleged schemes to deceive BP from billions of dollars by inflating the number of complainants for damages related to the Deep Water Horizon incident.
Recognition
Since 1997, Cracken has been rated AV Preeminent by American publisher Martindale-Hubbell. In 2012, he was appointed Highest Lawyer in Mass Tort Litigation and recognized by Counsel Corporation and The American Lawyer.
References
Source of the article : Wikipedia
0 Comments