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We regularly get requests from unsecured creditors seeking information about the administration of the Scopac and Palco unsecured creditors trusts that were set up as part of the MRC/Marathon plan of reorganization. Therefore we thought it would be helpful to provide the following: Distribution Status: All allowed Scopac trade claim payments were paid 100% in full on October 4th. Also on October 4th, allowed unsecured Palco claims received a distribution of 25% of their allowed claim. As soon as the larger disputed Palco claims are resolved a subsequent distribution will be made. At this time we do not have a date for that distribution. Contact Information: For Palco unsecured or Scopac trade claim related questions, please contact: Julianne Viadro, Trustee, PLC Litigation Trust. by email: viadro@hickeyhill.com by phone: 925-283-7802.
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