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IN RE CIS CORP.

No. 89 B10073-10084 (PBA), No. 91 Civ. 8736 (TPG), Adv. No. 91-6372A.

140 B.R. 351 (1992)

In re CIS CORPORATION, Continental Information Systems Corp., et al., Debtors. James P. HASSETT, as Chapter 11 Trustee of CIS Corp., et al., Plaintiffs, v. FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for Capitol Bank & Trust Company, Defendants.

United States District Court, S.D. New York.

May 8, 1992.

Attorney(s) appearing for the Case

Edward S. Cowen, Kirkland & Ellis, New York City, for plaintiffs.

S. Robert Schrager, Kreindler & Relkin, P.C., New York City, for defendants.

OPINION

GRIESA, District Judge.

CIS Corporation and related companies are involved in Chapter 11 proceedings. Plaintiff James P. Hassett is the Chapter 11 Trustee. There is a dispute between CIS and Capitol Bank & Trust Company about whether the bank does or does not have a security interest in certain equipment. The FDIC has been appointed receiver of the Bank. Plaintiff Hassett has sued the FDIC in the Bankruptcy Court seeking a declaratory judgment...

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