…founded in
1989 by Thomas Haffa and his younger brother Florian, based on a small offering
of children’s programming. The company quickly gained…
…became apparent in their trial, where the
once-celebrated men were booed by the courtroom observers.
Thomas Haffa knew early on that he wanted to be…
…, which was seen
as Germany’s answer to NASDAQ. Thomas Haffa decided to join the Neuer Markt
because he believed that no bank would have financed EM.TV…
…, for about EUR 1.6
billion. Perhaps caught in the thrill of the markets, Thomas Haffa boldly stated:
“I am 48. When I am 50, I will buy Disney.”…
…its views of the
company’s prospects. On the one hand, prognoses from Thomas Haffa continued to
be overwhelmingly encouraging. On the other hand…
…, Thomas Haffa made the following
public statement regarding the status of EM.TV’s business: “We stand entirely by
our prognosis. Business is going very…
…115.50 in February 2000, the shares plummeted and were worth only
EUR 6.75 each on December 4, 2000. This led to a chain reaction: Florian Haffa,
Thomas…
…; this
forced Thomas Haffa’s resignation in July 2001. Several months later, in November
2001, the Munich district attorney filed a complaint against the…
…with invoices that were backdated.
Thomas Haffa denied all the allegations directed at him and his brother. He insisted
that their statements were…
…trying to deceive shareholders and
the public.”
However, the pair’s greatest defender was defence witness Leo Kirch. (Thomas
Haffa, once a protégé…
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