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IN RE DEAK & CO., INC.

No. 85 Civ. 9815 (KTD).

65 B.R. 410 (1986)

In re DEAK & CO., INC., et al., Debtors. Walter L. ROTH, Joseph Edelsburg and Deak Perera (Israel) Ltd., Appellants, v. DEAK & CO., INC., et al., Appellees.

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

July 25, 1986.

Attorney(s) appearing for the Case

Finley, Kumble, Wagner, Heine, Underberg, Manley & Casey, New York City, for Walter L. Roth, Joseph Edelsburg and Deak Perera (Israel) Ltd.; Gary L. Blum, Larry D. Henin and Timothy T. Brock, of counsel.

Levin & Weintraub & Crames, New York City, for appellees Deak & Co., Inc., et al.; Herbert Stephen Edelman and Cindy E. Tzerman, of counsel.

KEVIN THOMAS DUFFY, District Judge:

This case comes on appeal from the United States Bankruptcy Court for the Southern District of New York ("USBC"), Burton R. Lifland, Chief Judge. Appellants argue that the USBC lacked both subject matter and personal jurisdiction in the case and that it abused its discretion in refusing to fully lift an automatic stay placed on appellees' property in Israel. Appellees oppose these contentions and argue that the decision of the USBC...

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