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IN RE O.P.M. LEASING SERVICES, INC.

Bankruptcy Nos. 81 B 10533, 81 B 11203, Adv. No. 81-5486A.

28 B.R. 740 (1983)

In re O.P.M. LEASING SERVICES, INC., Debtor. In re CALI TRADING INTERNATIONAL, LTD., Debtor. James P. HASSETT, as Chapter 11 Trustee of O.P.M. Leasing Services, Inc., and James P. Hasett, as Chapter 11 Trustee of Cali Trading International, Ltd., Plaintiffs, v. Daniel McCOLLEY, as Chapter 7 Trustee of Myron S. Goodman, Albert E. Reisman, as Chapter 7 Trustee of Mordecai Weissman, Federal Deposit Insurance Corporation, Louisiana National Bank of Baton Rouge, Rhode Island Hospital Trust National Bank, the Lincoln National Life Insurance Company, Westdeutsche Landesbank Girozentrale, the First National Bank of St. Paul, the Paul Revere Life Insurance Company, the Paul Revere Variable Annuity Insurance Company, Avco Corporation Retirement Income Trust and the Paul Revere Protective Life Insurance Company, Defendants.

United States Bankruptcy Court, S.D. New York.

March 10, 1983.

Attorney(s) appearing for the Case

Zalkin, Rodin & Goodman, New York City, for OPM/CALI; Henry L. Goodman, Harold N. Schwinger, Nadine S. Liebhardt, New York City, of counsel.

Rogers, Hoge & Hills, New York City, for Louisiana Nat. Bank; James Blair, New York City, of counsel.

DECISION ON LOUISIANA NATIONAL BANK'S MOTION FOR SUMMARY JUDGMENT

BURTON R. LIFLAND, Bankruptcy Judge.

The centerpiece of this litigation is a fund of approximately $17 million representing the proceeds of the sale of the controlling interest of a National Bank in Louisiana. During the course of the litigation many of the parties have resolved their claims against the fund by stipulations, compromises or settlements, the details of which have no impact on...

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