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IN RE INTERSTATE STORES, INC.

No. 86 Civ. 7285 (MGC).

72 B.R. 261 (1987)

In re INTERSTATE STORES, INC., formerly known as Interstate Department Stores, Inc., et al., Debtors.

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

March 25, 1987.

Attorney(s) appearing for the Case

Van Wagoner & Stevens, Salt Lake City, Utah by Lewis T. Stevens, for appellants Capital Tracing, Inc. and Ten General Creditors; O'Melveny & Myers, New York City by Robin Dahlberg, of counsel.

Shea & Gould, New York City by Daniel L. Carroll, Lester H. Yassky, Michael E. Emrich, for appellee debtors.

MEMORANDUM OPINION AND ORDER

CEDARBAUM, District Judge.

This is an appeal from a final order of the Bankruptcy Court granting appellee's motion for a declaratory judgment that certain stock certificates unclaimed by general creditors pursuant to the terms of a final bankruptcy decree became the property of the reorganized company. For the reasons discussed below, the judgment is affirmed.

FACTUAL BACKGROUND

In 1974, Interstate Stores, Inc...

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