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CO-OP CONVERSATIONS : CoServe Electric

NATIONAL TOPICS HOME CO-OP REFORM EFFORTS USA CO-OP NEWS CO-OP HISTORY CO-OP SOLUTIONS GET INVOLVED CONTACT US		CoServe Electric, Texas Concerned members website: www.CoServWatchDogs.org Background: Members filed suit against their co-op on February 18, 2009. The lawsuit alleges that the co-op has wrongfully taken $54 million of the members’ money. The suit also alleges that controlling directors of the cooperative’s board have placed the members’ fund at risk in for-profit business endeavors, subverted democratic control of the co-op and conducted their operations in a culture of secrecy. The allegations are based upon information provided by whistleblower Mark Glover, a director of the cooperative. One of the members suing the cooperative is Janice Brady, who ran for a director position to replace board chairman Jerry Cobb in 2008 and lost by a narrow margin. In particular, Ms. Brady alleges that CoServ has unlawfully provided member lists and daily vote tallies to its incumbent directors while denying the same information to challengers. As a result, board elections are effectively rigged.

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