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IN RE GRODEL MFG., INC.

Bankruptcy No. 5-80-00035.

33 B.R. 693 (1983)

In re GRODEL MANUFACTURING, INC., Debtor.

United States Bankruptcy Court, D. Connecticut.

October 7, 1983.

Attorney(s) appearing for the Case

Martin S. Gold, trustee.

Jonathan S. Bowman, Cohen & Wolf, P.C., Bridgeport, Conn., for trustee.

Harris D. Leinwand, New York City, for official unsecured creditors.

Thomas A. Gugliotti, Schatz & Schatz, Ribicoff & Kotkin, P.C., Hartford, Conn., for Citytrust.

John C. Yavis, Jr., Murtha, Cullina, Richter & Pinney, Hartford, Conn., for James Ledbetter.

MEMORANDUM ON FORMER TRUSTEE'S ELIGIBILITY TO PURCHASE DEBTOR'S STOCK

ALAN H.W. SHIFF, Bankruptcy Judge.

I.

BACKGROUND

The court appointed trustee of Grodel Manufacturing, Inc. (Grodel), a Chapter 11 debtor, seeks a determination as to whether his predecessor, James Ledbetter (Ledbetter), may purchase stock in the reorganized company under a proposed plan of reorganization. During a duly noticed hearing for that purpose, all parties in...

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