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wherein Mr. Gleason also released to the trustee all potential
claims against other former shareholders in the entities.
Prior to the foregoing settlement, beginning in December of
1997, Mr. Gleason had communicated with the law firm of Miller,
Canfield, Paddock and Stone, P.L.C. (Miller, Canfield), with
respect to possible representation of Mr. Gleason on any claims
that he might have had against E&Y and other former shareholders
in connection with the LBO transaction. In a letter dated
December 15, 1997, the firm expressed a willingness to explore
the possibility of representing Mr. Gleason but noted that the
firm’s provision of legal services to Comerica in the LBO
transaction could present conflict issues. A series of meetings
and discussions between Mr. Gleason and attorneys from Miller,
Canfield took place over at least the next several months and
were documented by Mr. Gleason in contemporaneous notes. The
final entry, dated March 10, 1998, read:
TALKING W/ COMERICA ABOUT PARTNERING
& NOT GETTING
AS OF END JANUARY COMERICA WANTED
TO GO AFTER ME
WILL GET BACK TO ME THIS WK
EVEN NO NEW WORD ON COMERICA
Tax Reporting
For tax reporting purposes, Target, Alofs, and Excellence
utilized a fiscal year running from October 1 through
September 30. The record contains copies of Schedules K-1,
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