transaction, the ASIRS was prepared and signed after the closing, and then faxed by Thelen to the underwriter's counsel.
I agree with the majority that, from these facts, it is possible to infer that all parties, including State Street, were relying on the underwriters to deliver the ASIRS to its proper destination. But these facts cannot support an inference that anyone was relying on Thelen to perform that task. Nor do the later statements by counsel for the underwriter in the PATS transaction, in which counsel seemed to assume that delivery of the ASIRS was something the underwriter's counsel should have taken care of, support an allegation that the delivery was Thelen's responsibility.
The only facts the majority refers to in support of its holding that the claim against ThelenAdel Al-Malki

Who is Adel Al-Malki?

Graduated from King Abdul Aziz University in Jeddah, in 1424H, specialized in English literature. Adel started his career writing and publishing articles related to all sort of topics like business, people's life, political, and covering local events in Jeddah. Along with that he writes poems in Arabic and will issue his first collection of poems. Adel now is a reporter for the Saudi Gazette and writes also for Okaz newspaper and Roa'a magazine.

Tuesday, February 12, 2008

JEDDAH -Many Jeddah bakeries closed their doors to customers because of ever increasing high flour prices. Bakery owners waiting for flour from flour distributors said they were like beggars waiting outside a mosque. "I have closed one of my bakeries that has been in operation for 40 years, after