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IN RE CUMBERLAND FARMS, INC.

No. 01-1344.

284 F.3d 216 (2002)

In re CUMBERLAND FARMS, INC. Debtor. Demetrios B. Haseotes, Appellant, v. Cumberland Farms, Inc., Appellee.

United States Court of Appeals, First Circuit.

Decided March 27, 2002.

Attorney(s) appearing for the Case

Whitton E. Norris, III, with whom Carol R. Cohen and Davis, Malm & D'Agostine, P.C. were on brief, for appellant.

Patrick P. Dinardo, with whom Pamela Smith Holleman, Sullivan & Worcester LLP, and Mark G. Howard were on brief, for appellee.

Before SELYA, Circuit Judge, COFFIN, Senior Circuit Judge, and LIPEZ, Circuit Judge.

LIPEZ, Circuit Judge.

In 1992, Cumberland Farms, Inc. ("Cumberland"), a close corporation owned by the six siblings of the Haseotes family, filed a petition for reorganization under Chapter 11 of the Bankruptcy Act. Demetrios B. B. Haseotes — one of Cumberland's directors and the appellant here — filed claims against the corporation for roughly $3 million of prepetition indebtedness owed on certain promissory...

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