Umit Tarakci - Page 7




                                        - 7 -                                         
               On April 21, 1993, petitioner filed for bankruptcy in order            
          to avoid paying the rent due under the facilities lease.  A                 
          bankruptcy trustee was appointed for petitioner.  On April 23,              
          1993, Mr. Cotter filed a lawsuit against petitioner, Dr. West,              
          and Mr. Icel in the United States Bankruptcy Court for the                  
          Northern District of California seeking the dissolution of                  
          Aeternum, an accounting, and damages in excess of $1 million.               
          Petitioner employed various attorneys in connection with his                
          bankruptcy and the defense of Mr. Cotter’s lawsuit.                         
          Contemporaneous with the lawsuit being filed, petitioner removed            
          the rental equipment from the facilities leased by Aeternum and             
          stored some of the equipment in a storage space rented in Dr.               
          West’s name.                                                                
               An attorney representing petitioner in Aeternum’s affairs              
          made the following reference for May 1, 1993, in an invoice to              
          petitioner: “telephone conf. with * * * [petitioner] re                     
          representing * * * [Dr. West] in action against landlord re                 
          equipment sold to * * * [Dr. West] by * * * [petitioner]”.  A               
          different attorney representing petitioner in his bankruptcy and            
          Aeternum affairs made the following reference for July 23, 1993,            
          in an invoice to petitioner: “conference with * * * [Dr. West’s             
          attorney] re: his comments and changes pursuant to list of                  
          equipment for items sold”.                                                  








Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011