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Patriot Scientific Reports Profitable Quarter; Q3 FY '08 Net Income $6.3 Million or $0.02 Basic and Diluted Earnings Per Share.

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TPL BK Pacers

over 10 years ago

over 10 years ago

over 10 years ago

over 10 years ago

over 10 years ago

in response to BaNosser's message

You have to love this from Leckyscum Argument... And I quote:

A. Appointment of a Trustee Is An Extraordinary Remedy, and The

OCC’s Unsupported and Erroneous Allegations Do Not Fulfill Its Burden

of Proof as to Cause.

5. “The appointment of a trustee in a chapter 11 case is an extraordinary remedy.

The drafters of the Code recognized that, as a general rule, in the absence of fraud, dishonesty,

incompetence, gross mismanagement, or similar grounds, the debtor’s management should be

Case: 13-51589 Doc# 357 Filed: 01/09/14 Entered: 01/09/14 19:00:11 Page 5 of

OPPOSITION TO MOTION TO APPOINT TRUSTEE Page 2

given an opportunity to propose a plan of reorganization for the debtor. For this reason there is a

strong presumption that the debtor should be permitted to remain in possession absent a showing

of the need for appointment of a trustee . . . .”

Ahhhh, kettle meet black!

Please to post a reply

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