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IN RE PRIME VENTURES, LTD.

No. C-86-5219 SAW, Bankruptcy No. 4-84-03174 W, Adv. No. 485-0087 AW.

68 B.R. 686 (1986)

In re PRIME VENTURES, LTD., Debtor. Charles DUCK, Trustee, Plaintiff, v. MANHATTAN SAVINGS BANK, Syntek Management, Inc., Syntek Corporation, Westview Drive Associates and Southmark Corporation, Defendants.

United States District Court, N.D. California.

December 29, 1986.

Attorney(s) appearing for the Case

McCutchen, Doyle, Brown & Enersen, William Bates, III, Randy Michelson, San Francisco, Cal., for defendants.

Dinkelspiel & Dinkelspiel, Peter J. Benvenutti, Michael St. James, San Francisco, Cal., for plaintiff.

MEMORANDUM OF OPINION AND ORDER

WEIGEL, District Judge.

Prime Ventures, Ltd.'s trustee in bankruptcy, Charles Duck (Trustee), brought this action to determine the validity of two promissory notes with an outstanding balance of approximately $3.6 million held by defendant Manhattan Savings Bank (Manhattan). The notes are secured by a first deed of trust encumbering an apartment complex (Apartments) located in Houston...

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