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The Premium Point Company's resident-shareholders have long held annual meetings at hotels in Manhattan or Westchester.
"Mr. Abraham's research indicated the residents of Premium Point were the endangered species and not the Geese".
The case focuses on a simple question: How should Premium Point divide the costs of maintaining its private beach, marina, lights, bridges and roads?
A 30-minute train ride from Grand Central Terminal, Premium Point evolved as a community for Wall Street bankers and international businessman.
Andrea Roschelle, who represents Premium Point, called the lawsuit "nuisance litigation," asserting that the common charges were fair and in line with bylaws written by the community a century ago.
But the lawsuit says the corporation's record-keeping eventually decayed into a "mess," and accuses Premium Point of quietly cutting deals several years ago with other disgruntled residents who threatened to sue over the common charges.
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On a conference call with analysts, Broadcom executives defended the premium, pointing in part to NetLogic's fat margins.
But People.com is able to charge advertisers a premium, points out John Squires, executive vice-president of Time Inc, because of the quality of its brand.
House Republicans continued to question Mr. Obama's assertions, which he repeated Wednesday, that the law will lower premiums, pointing to double-digit increases recently announced by many insurers.
The premium vantage point, say some, is the corner of Champs-Elysées and Place Charles de Gaulle.
"Their premium price point clearly has not been any hurdle to them growing there".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com