IN RE FEDDERS NORTH AMERICA, INC.

Bankruptcy No. 07-11176 (BLS). Adversary No. 08-50549 (BLS).

405 B.R. 527 (2009)

In re FEDDERS NORTH AMERICA, INC., et al., Debtors. Official Committee of Unsecured Creditors of Fedders North America, Inc., et al., on behalf of the Debtors' Estates, Plaintiff, v. Goldman Sachs Credit Partners L.P., et al., Defendants.

United States Bankruptcy Court, D. Delaware.

May 21, 2009.


Attorney(s) appearing for the Case

Rachel B. Mersky, Esquire, Monzack Mersky McLaughlin & Browder, P.A., Wilmington, DE, Sharon L. Levine, Esquire, Lowenstein Sandler PC, Rosemand, NJ, Counsel to the Plaintiff, the Official Committee of Unsecured Creditors.

Normal L. Pernick, Esquire, Cole, Schotz, Meisel, Forman & Leonard, P.A., Wilmington, DE, Counsel for Debtors and Debtors-in-Possession.

Jonathan N. Helfat, Esquire, Otterbourg, Steindler, Houston & Rosen, PC, New York, NY, William P. Bowden, Esquire, Ashby & Geddes, P.A., Wilmington, DE, Counsel for Bank of America.

Stephen M. Miller, Esquire, Morris James LLP, Wilmington, DE, Counsel to General Electric Capital Corporation.

Judith Elkin, Esquire, Haynes Boone, New York, NY, Thomas G. Macauley, Esquire, Zuckerman Spaeder LLP, Wilmington, DE, Counsel for Highland Capital Management, L.P.

Stephen Karotkin, Esquire, Weil, Gotshal & Manges LLP, New York, NY, Mark D. Collins, Esquire, Richards, Layton & Finger, P.A., Wilmington, DE, Counsel for Goldman Sachs Credit Partners, L.P.

Richard W. Reinthaler, Esquire, Dewey & LeBoeuf LLP, New York, NY, Neil B. Glassman, Esquire, Bayard, P.A., Wilmington, DE, Counsel to certain individual Defendants, namely Salvatore Giordano, Jr., Michael Giordano, Joseph Giordano, William J. Brennan, David C. Chang, Michael L. Ducker, Howard S. Modlin, Herbert A. Morey, S.A., Muscarnera, Anthony E. Puleo, Jitendra V. Singh, Robert L. Laurent, Jr., Kent E. Hansen, Peter Gasiewicz, and Warren Emley.


OPINION1

BRENDAN LINEHAN SHANNON, Bankruptcy Judge.

Before the Court are motions to dismiss filed by defendants herein (i) Bank of America, N.A. ("Bank of America") [Docket No. 6]; (ii) General Electric Capital Corporation ("GECC") [Docket No. 8]; Highland Capital Management, L.P. ("Highland") [Docket No. 11]; Goldman Sachs Credit Partners L.P. ("Goldman Sachs") [Docket...

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