IN RE DEAK & CO., INC.

Bankruptcy No. 84 B 11680, Adv. No. 85-6788A.

63 B.R. 422 (1986)

In Re DEAK & CO., INC., et al., Debtor. DEAK & CO., INC., Plaintiff, v. Ir. R.M.P. SOEDJONO, a/k/a Dama, Defendant.

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

As Amended July 24, 1986.


Attorney(s) appearing for the Case

Levin & Weintraub & Crames by Herbert S. Edelman, Cindy Ellen Tzerman, New York City, for debtor.

Anderson, Russell, Kill & Olick, P.C. by Arthur S. Olick, Laurence Y. Solarsh, New York City, for Creditors Committee.

Fox, Glynn & Melamed by John R. Horan, Richard N. Chassin, New York City, for Ir. R.M.P. Soedjono a/k/a DAMA.

Milbank, Tweed, Hadley & McCloy by Risa Rosenberg, New York City, for Chan Cher Boon.

Harold D. Jones, by John Campo, New York City, U.S. trustee.

Davis, Polk & Wardwell by Laureen Bedell, New York City, for Morgan Guar. Bank.

Howard, Darby & Levin by Jack P. Levin, Jerome C. Roth, New York City, for Carol Sui-Han Leo.


DECISION AND ORDER DENYING DEFENDANT'S MOTION TO DISMISS COMPLAINT

BURTON R. LIFLAND, Bankruptcy Judge.

At all times relevant herein the debtor, Deak & Co., Inc. ("Deak") and its affiliates, were heavily engaged in the trading of international currency and gold. When Deak filed its Chapter 11 petition under the Bankruptcy Reform Act of 1978 ("Code") in 1984, creditors and other parties in interest worldwide were affected. Throughout the ensuing and often...

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