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From: Edwards, Joe E.
Sent: Thursday, June 03, 2010 2:47 PM
To: Day, Bruce W.
Cc: Securities Group
Subject: IPHC v Grant Thornton LLP
Bruce:
Today I spoke with Faiyaz Hussain, Senior Counsel, Grant Thornton LLP
on the claim of IPHC against Grant Thornton LLP. It appears that Grant
Thornton LLP has decided to assign a Senior Counsel to address this
claim rather than have an Associate Counsel deal with it part time in
addition to the other administrative duties any an Associate Counsel has.
Mr. Hussain is still spooling up to speed on our claim and was not
prepared today to respond to the settlement demand of IPHC (in the
amount of $577,046.42). Mr. Hussain did attempt some negotiation but
his efforts were unsuccessful as he (a) was not fully aware of all of the
facts and legal arguments we have previously presented, and (b) had to
admit that Grant Thornton LLP owes IPHC a response to its settlement
offer.
Mr. Hussain promised to call back soon with Grant Thornton LLP’s
settlement offer.
Joe E. Edwards
Day, Edwards, Propester & Christensen, P.C.
Suite 2900 Oklahoma Tower
210 Park Avenue
Oklahoma City, Oklahoma 73102-5605
COB Meeting July 19-20, 2010