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MATTER OF ELSUB CORP.

Bankruptcy No. 85-05972.

66 B.R. 189 (1986)

In the Matter of ELSUB CORPORATION, a New Jersey Corporation, Alleged Debtor.

United States Bankruptcy Court, D. New Jersey.

April 25, 1986.

Attorney(s) appearing for the Case

Crummy, Del Deo, Dolan, Griffinger & Vecchione by Michael R. Griffinger, Karen A. Giannelli, Newark, N.J., for Elsub Corporation.

McCarter & English by Joseph E. Irenas, Newark, N.J., for Playboy Enterprises, Inc.

Kirkland & Ellis by Richard F. Levy, Chicago, Ill., for Playboy Enterprises, Inc.

ROSEMARY GAMBARDELLA, Bankruptcy Judge.

This matter is before the court on a motion filed by Playboy Enterprises, Inc. (PEI), seeking an Order establishing that "as a matter of law," PEI did not act in bad faith by filing an involuntary petition in bankruptcy against Elsub Corporation (Elsub) under 11 U.S.C. § 303(b)(2) with fewer than three supporting creditors. Additionally, PEI is seeking a protective order barring...

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