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IN RE SEEBURG CORP.

No. 80 C 5991.

10 B.R. 326 (1981)

In re The SEEBURG CORPORATION, Debtor. Eileen KENNEDY, etc., et al., Plaintiffs, v. Louis J. NICASTRO et al., Defendants.

United States District Court, N.D. Illinois, Eastern Division.

March 27, 1981.

Attorney(s) appearing for the Case

Reuben L. Hedlund and Barbara F. Altman, Hedlund, Hunter & Lynch, Chicago, Ill., for plaintiffs.

Abraham N. Goldman, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

In July 1980 Eileen Kennedy ("Kennedy"), suing (1) on behalf of herself and all others similarly situated and (2) derivatively on behalf of Xcor International, Inc. ("Xcor"), filed an adversary proceeding in the Bankruptcy Court against The Seeburg Corporation ("Seeburg"), Xcor, consolidated Entertainment, Inc. and many of the individual directors of those companies. On November 28, 1980 Bankruptcy Judge...

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