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MATTER OF DURAND MILLING CO., INC.

Bankruptcy No. 79-60110, Adv. Nos. C-5 and C-6.

9 B.R. 669 (1981)

In the Matter of DURAND MILLING COMPANY, INC. Larry PICKLER and Jack Vasicek, Plaintiffs, v. DURAND MILLING COMPANY, INC. and Dean R. McConkey, Defendants.

United States Bankruptcy Court, E.D. Michigan, S.D.

February 20, 1981.

Attorney(s) appearing for the Case

Robert M. Crites, Flint, Mich., for plaintiffs.

Roland F. Rhead, Lansing, Mich., for defendants.

OPINION

HAROLD H. BOBIER, Bankruptcy Judge.

STATEMENT OF FACTS

Durand Milling Company, Inc. ("Durand") was a grain elevator operation in Durand, Michigan for more than 15 years. It was a Michigan corporation with a primary business purpose of processing, selling and storing various types of grain. Its president and chief operating officer during all relevant times of the present lawsuit was Dean R. McConkey ("McConkey").

During the latter...

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