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IN RE ANDERSON INDUSTRIES, INC.

Bankruptcy No. HG 83 01940, Adv. No. 84 0355.

55 B.R. 922 (1985)

In re ANDERSON INDUSTRIES, INC., d/b/a Anderson Automation, Inc., Debtor. ANDERSON INDUSTRIES, INC., a New York corporation, d/b/a Anderson Automation, Inc., f/k/a Anderson Pattern, Inc., as debtor-in-possession, and the Official Unsecured Creditors Committee, Plaintiffs, v. Harvey G. ANDERSON, Clifford D. Anderson, Jr., Jerry W. Anderson, et al., Defendants.

United States Bankruptcy Court, W.D. Michigan.

December 19, 1985.

Attorney(s) appearing for the Case

Warner, Norcross & Judd, John D. Tully, Robert H. Skilton, III, F. William McKee, Grand Rapids, Mich., for Anderson Industries, Inc.

Dunn, Schouten & Snoap, Thomas W. Schouten, Wyoming, Mich., for Unsecured Creditors Committee.

Dykema, Gossett, Spencer, Goodrow & Trigg, Nancy Garlock Edmunds, Detroit, Mich., for defendants, Clifford D. Anderson, Jr., Jerry W. Anderson, etc.

Marcus, Vander Ploeg & Ruck, Allan E. Vander Ploeg, Muskegon, Mich., for defendant, Harvey G. Anderson.

OPINION

LAURENCE E. HOWARD, Bankruptcy Judge.

SUMMARY JUDGMENT — 11 U.S.C. § 544(b) UNIFORM FRAUDULENT CONVEYANCE ACT

The debtor-in-possession and its Official Unsecured Creditors' Committee have brought a complaint against the former shareholders of the debtor's corporate predecessor, alleging that the transactions by which those shareholders sold their stock violated the Uniform Fraudulent Conveyance Act, M.S.A. §§ 26.881...

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