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IN RE ATHOS STEEL AND ALUMINUM, INC.

Bankruptcy No. 86-01486F, Adv. Nos. 86-1145F, 86-1210F.

71 B.R. 525 (1987)

In re ATHOS STEEL AND ALUMINUM, INC., Debtor. Barbara STANGER, et al, Plaintiffs, v. ATHOS STEEL ALUMINUM, INC., et al, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

March 16, 1987.

Attorney(s) appearing for the Case

Eduardo C. Robreno, Marjorie L. McMahon, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for plaintiffs.

Franklin Poul, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, for David Wechsler and William J. Morehouse.

Myron A. Bloom, Adelman Lavine Krasny Gold & Levin, Philadelphia, for debtors, Athos Steel and Aluminum, Inc. and Athos Realty.

OPINION

BRUCE FOX, Bankruptcy Judge:

This is an action challenging the validity of a stock transfer involving two closely held corporations, one of which is presently a bankruptcy debtor. In order to more clearly describe the various issues raised by this case, it is helpful to first briefly set out the underlying transaction and the procedural history of the case. After doing so, I will address the threshold questions relating to this court's jurisdiction...

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