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IN RE GAYNES

Bankruptcy No. B-81-174 PHX VM, Adv. No. 81-204.

21 B.R. 504 (1982)

In re Norman I. GAYNES and Elaine N. Gaynes, husband and wife, Debtors. Norman I. GAYNES and Elaine N. Gaynes, husband and wife, Plaintiffs, v. Warren FREEMAN, et al., Defendants. James F. CRAMER, et ux., et al., Counterclaimants. v. Norman I. GAYNES and Elaine N. Gaynes, husband and wife, Counterdefendants.

United States Bankruptcy Court, D. Arizona.

June 15, 1982.

Attorney(s) appearing for the Case

Douglas C. Fitzpatrick, Secona, Ariz., for Gaynes.

Jack D. Klausner, Daryl Manhart, Phoenix, Ariz., for Sroka.

Larry McCormley, Phoenix, Ariz., for Freeman and PCA.

Philip T. Goldstein, Phoenix, Ariz., for Cramer.

MEMORANDUM OPINION AND DECISION

VINCENT D. MAGGIORE, District Judge.

This matter is before the Court on the Motion for Summary Judgment of Plaintiffs, Norman I. Gaynes and Elaine N. Gaynes, his wife (herein "the Gaynes") and the Cross-Motion for Summary Judgment of Defendants, Winfield Scott, et ux., James F. Cramer, et ux., John Braddock, et ux., and Donald Tyler, et ux. (hereinafter severally and collectively "the Investors"). In oral argument and in the...

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