11/07/2007 299 Supplemental Document "Supplemental Disclosure Statement Pursuant to Bankruptcy Code Sections 329 and 504, Bankruptcy Rules 2014(A) and 2016(B), filed by Official Committee of Unsecured Creditors (RE: related document(s)102 Application to Employ). (Langdon, Dean) (Entered: 11/07/2007)
------------------------
Doc 299
IN RE:
CHAPTER 11
PLASTICON INTERNATIONAL, INC. CASE NO. 07-50934
DEBTOR
SUPPLEMENTAL DISCLOSURE STATEMENT PURSUANT TO BANKRUPTCY CODE SECTIONS 329 AND 504, BANKRUPTCY RULES 2014(A) AND 2016(B)
Laura Day DelCotto, being duly sworn, deposes and says:
1. I am an attorney at law and member of the law firm of Wise DelCotto PLLC (the “Firm”).
2. Subsequent to this Court’s approval of the Firm as counsel for the Official Committee of Unsecured Creditors in this case, it has come to my attention that my prior disclosure should be supplemented.
3. In connection with my past involvement in the Stoll Keenon & Park (“SKP”) representation of International Plastics, Inc. (“IPI”) in a Chapter 11 proceeding, the postconfirmation entity (not a SKP client as I recall but I am unsure) issued stock. I recall that Jim Turek advised me that he had gifted new stock to me and one or more other SKP attorneys shortly following the confirmation of the IPI case, as a personal gift. My recollection is that I declined the gift at that time and told Mr. Turek that I could not, and did not want to, accept any stock from the confirmed debtor, to avoid any appearance of impropriety.
4. The U.S. Trustee has recently advised that my name appears on the Plasticon books as owner of 47,640 shares of Plasticon stock. I do not have any personal knowledge regarding the IPI post-confirmation entity and how it is related to the entity Plasticon.
5. To the best of my knowledge, I have never received a certificate for any shares of stock in Plasticon, or if I have, it was ignored and discarded. I do recall some earlier communications regarding the purported gifted stock shortly following the IPI confirmation, which I discarded when received as I had not accepted the gift. To my knowledge, I have never received any benefit or compensation related to shares of stock in Plasticon, and was unaware that any shares of stock had been issued in my name until the Office of the United States Trustee brought it to the Firm’s attention. I still do not wish to accept any such stock.
6. The Firm has established an ethical wall regarding my participation in this case, which remains in effect, and I have not had communications with any other employee of the Firm regarding the Plasticon bankruptcy, other than being made aware that I was listed as an owner of shares of Plasticon stock and was requested to give this Supplemental Disclosure.
Further the Affiant sayeth Naught.
/s/ Laura Day DelCotto
Laura Day DelCotto, Affiant
COMMONWEALTH OF KENTUCKY
COUNTY OF FAYETTE )
The foregoing was acknowledged, subscribed, and sworn to before me by Laura Day DelCotto on this the 7th day of November, 2007.
My commission expires: June 8, 2009
/s/ Janis R. Spicer
NOTARY PUBLIC, STATE AT LARGE, KY |
