James Frinzi’s journey through the business world, from lobbying for the defense minister of Indonesia and officials in Qatar, has been a rollercoaster of highs and lows, marked by his rapid ascent as CEO of Goodman Networks, allegations of fraud, embezzlement, and corporate misconduct, and a dramatic downfall that stripped him of his ill-gained assets and pushed him to explore …
Trustee alleges complex fraud scheme in Goodman Networks bankruptcy case
Scott M. Seidel, Trustee of the Goodman Networks, Inc. bankruptcy estate, has filed a detailed and compelling complaint in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division, against Symbiont Ventures, LLC, formerly known as Goodman Investment Holdings, LLC. The complaint, filed on July 29, 2024, before Judge Michelle V. Larson, alleges a complex scheme of …
T-Mobile’s Hail Mary pass falls short after Super Bowl data rank tanks
T-Mobile Chief Technology Officer Neville Ray most likely knew that there was no possibility of the carrier sporting high data usage numbers at Super Bowl 51 Sunday, and used the same game play that it did last year. Ray tried to exploit his opponents’ slow speed during the most watched sporting event in America with T-Mobile’s download and upload speeds of …
Goodman Networks expects to file prepackaged bankruptcy next month
Financially troubled Goodman Networks Incorporated of Frisco, Tex. said that it expects to file its prepackaged Chapter 11 Bankruptcy in February in the U.S. Bankruptcy Court for the Northern District of Texas. Prepackaging its bankruptcy plan allows Goodman to shorten and simplify the bankruptcy process in order to save the company money in legal and accounting fees, as well as …
As Goodman Networks collapses, key execs bolt out the door
Frisco, Tex.-based Goodman Networks’ Chairman and CEO Ron Hill gave notice on Nov. 21, 2016 that he would be resigning and his last day on the job would be Dec. 21, 2016, stating that he had “good reason” to quit as defined in his employment agreement that had been frequently updated since he served as the company’s Vice President of Professional …
Judge puts overtime pay hike on hold for many wireless workers
Coal in the stocking for some employees, a New Year’s present for their employers Many wireless industry workers in office management and construction-related positions earning more than $455 per week who were exempt from overtime pay, were assured of an increase in their paycheck beginning Dec. 1, 2016 when a new federal regulation kicked in. But two days before Thanksgiving, …
Goodman’s wireless CMs will receive $2 million to settle overtime lawsuit
Wireless turfing contractor Goodman Networks Inc. has agreed to pay $2 million to former construction managers who claimed the company stiffed them on overtime pay after misclassifying them as exempt employees, according to a settlement statement obtained by Wireless Estimator that was filed in Texas federal court on Sept. 6. The matter was litigated for two years, required numerous depositions …
Dycom Industries’ stock falls on a downbeat outlook for Goodman Networks revenue
Shares of Palm Beach, Fla.-based Dycom Industries fell another 1.5% today to $83.61 after falling almost 7.5% on heavy trading volume Wednesday after the company posted solid results for the 2016 fiscal fourth quarter, but gave a downbeat outlook for Goodman Networks revenue. Dycom acquired certain telecom-related assets of Goodman Networks’ wireline and wireless network deployment businesses for about $107.5 …
Dycom picks up Goodman Networks assets for $107.5 million
Dycom Industries, Inc. and Goodman Networks Incorporated have announced that they have entered into an agreement that will have Dycom acquiring certain assets from Goodman used in their current wireless network deployment and wireline businesses for approximately $107.5 million in cash. Both companies informed Wireless Estimator that they would not be identifying what those assets are, other than that the acquired …
Goodman Networks lays off 340 as construction managers’ lawsuit advances
Following a layoff of workers in December, Goodman Networks, a family-owned end-to-end wireless network deployment firm, let go an additional 340 employees on March 10, 2015, according to information reviewed by Wireless Estimator. It is not known, however, whether the downsizing was necessary due to a cutback in AT&T’s capex since a company spokesperson said Monday that Goodman Networks will …
AT&T construction and engineering chief reportedly taking Goodman Networks’ COO job
Update: December 5, 2014 – Goodman Networks has announced that Ernie Carey will take the helm of the design, engineering, construction and deployment firm’s operations as its chief operating officer. In a press release, Ron Hill, Goodman Networks’ CEO said, “Throughout his long telecommunications industry career, Carey has successfully managed a variety of vast and complex systems and networks, including responsibility for …
