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56Chevy

06/02/10 2:11 AM

#1512 RE: Enterprising Investor #1510

Rallis became concerned that confidential information that SK communicated to the OUCC was being shared with Debtors' representatives.

The plot thickens it seems Meruelo has a mole in the OUCC?? Would anyone be surprised if true. Doubtful. However it's probably not all that unusual with "friendly Committee member(s)" on board.

No?
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Enterprising Investor

06/11/10 12:44 AM

#1579 RE: Enterprising Investor #1510

Rallis files supplemental declaration in response (6/10/10).

Source: PACER (Docket 1505)

Based on my review, Rallis was contacted five times by parties interested in pursuing an OCC/alternate plan: a secured creditor on 3/05/10, another secured creditor on 3/17/10, an equityholder on 4/06/10, a third party on 4/15/10 and another third party on 4/21/10.

In addition, he declares on page 8 that since the last exclusivity hearing, the OCC has been approached by three different entities, who have each offered to pay unsecured creditors in full, with interest, on or shortly after the Effective Date.