I haven't sent this, but there's no reason why you (any of you on this list) can't. The downside is you may do nothing more than cause poor RECY to incur legal costs for some 1st year associate to write back saying "thank you for your inquiry but we have the right to ignore you now, so we will" (the letter is addressed to RECY's lawyer for the bankruptcy). However, I think it will provoke a response.
Another possibility is to just call Judge Brook's clerk and ask how you can find out the status of the case -- has a plan been filed? Is the Company still in Chapter 11 or the trustee arranged for it to dissolve? Probably the court papers are all a matter of public record -- including the plan, if any.
- Charles
==============================================
<your letterhead>
RE: DEBTOR: Recycling Industries, Inc.
Date of Bankruptcy: 2/26/99
Case: 99-12174
Filing District: Dist. of CO
Judge: Sidney B. Brooks
Mark K. Thomas
Katten, Muchin & Davis
Suite 1600
525 West Monroe
Chicago, IL 60661
Dear Mr. Thomas,
I write with reference to the above bankruptcy, and as a shareholder of the debtor.
As you know, when and whether the debtor will emerge from bankruptcy is a material matter of great concern to its shareholders. Unfortunately, after apparently deliberately leaking to the internet information suggesting that the debtor will reorganize and continue as an ongoing concern, the debtor has gone silent. In any event, it has not to my knowledge issued any official public statement about the status of the bankruptcy, and I believe it has a duty to.
Accordingly:
- if there have been any press releases regarding the bankruptcy, I would appreciate if you could provide a copy of them;
- I request the debtor to issue a new press release clarifying the state of the bankruptcy, in part to quiet the rumors that the debtor has itself been partly responsible for.
Your best friend, &tc. |
