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IN RE GIBRALCO, INC.

Bankruptcy No. LA 83-7806-JD.

53 B.R. 324 (1985)

In re GIBRALCO, INC., Debtor.

United States Bankruptcy Court, C.D. California.

September 23, 1985.

Attorney(s) appearing for the Case

Clark & Trevithick, Los Angeles, Cal., for trustee.

Stephen Harbeck, Securities Investor Protection Corp., Washington, D.C., for SIPC.

James M. Gansinger, Gansinger & Pick, Los Angeles, Cal., for Anthony Marturano.

James M. Fizzolio, Fizzolio, Fizzolio & McLeod, No. Hollywood, Cal., for Louis J. Bonanno.

MEMORANDUM OF DECISION

JAMES R. DOOLEY, Bankruptcy Judge.

Before the court for decision are the oppositions of Anthony Marturano ("Marturano") and Louis J. Bonanno ("Bonanno") to the trustee's disallowance of their claims under the Securities Investor Protection Act of 1970 (SIPA), 15 U.S.C. § 78aaa et seq. The crucial issue in each case is whether the claimant (Marturano or Bonanno) was a customer of the debtor, Gibralco, Inc. ("Gibralco") with...

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