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IN RE NEWPORT OFFSHORE, LTD.

Bankruptcy No. 8500723.

59 B.R. 283 (1986)

In re NEWPORT OFFSHORE, LTD., Debtor. James R. MATTINGLY, Movant, v. NEWPORT OFFSHORE, LTD., Respondent.

United States Bankruptcy Court, D. Rhode Island.

Reconsideration Denied May 8, 1986.

Attorney(s) appearing for the Case

R. Daniel Prentiss, Decof & Grimm, Providence, R.I., for movant.

Charles J. McGovern, Coffey, McGovern, Noel & Neal, Ltd., Providence, R.I., for debtor.

Allan M. Shine, Winograd, Shine & Zacks, P.C., Providence, R.I., for creditors' committee.

DECISION AND ORDER MODIFYING AUTOMATIC STAY

ARTHUR N. VOTOLATO, Jr., Bankruptcy Judge.

Heard on James Mattingly's motion for relief from the automatic stay, 11 U.S.C. § 362, wherein he requests permission to proceed with an action against the debtor which is pending in the Providence County Superior Court.

Mattingly's state court action was filed in Newport County Superior Court in April 1985, seeking compensatory damages in the amount of $500...

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