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To: scion who wrote (11812)11/27/2007 8:13:43 PM
From: scion  Respond to of 12518
 
12. As described in the Motion by Wyatt, Tarrant & Combs, LLP, to Withdraw From Representation of Debtor filed contemporaneously with this Application an event occurred which caused Applicant to suggest that Debtor obtain replacement counsel. That event was the discovery that a partner in the firm of Wyatt, Tarrant & Combs, LLP, held an equity position in Debtor.

13. The value of the partner’s stock was virtually worthless
and his ownership did not necessarily disqualify Wyatt, Tarrant & Combs, LLP, from representation of Debtor. See In re Timbers, Inc., 187 B.R. 240 (Bankr. W.D. Tenn. 1995). Nevertheless, it was determined that the creation of prophylactic measures to wall off that partner was not justified by the representation and a decision was made to advise Debtor to obtain replacement counsel.


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To: scion who wrote (11812)11/29/2007 9:27:45 AM
From: scion  Read Replies (1) | Respond to of 12518
 
Pacer update 28 Nov 07 Debtor Pro Mold, Inc. Bankruptcy Petition #: 07-50935-wsh

Filing Date # Docket Text

11/28/2007 316 Application to Retain,Employ and Compensate Stites & Harbison, PLLC as Counsel for Chapter 11 Trustee, Kenneth C. Henry.(Attachments: # 1 Continuation of Main Document Attorney's Second Amended Affidavit in Support) (Thompson, Elizabeth) (Entered: 11/28/2007)

11/28/2007 315 Certificate of Service (RE: related document(s)314 Order on Motion to Withdraw as Attorney). (Brown, Robert) (Entered: 11/28/2007)