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IN RE WEDTECH CORP.

Bankruptcy No. 86-B-12366 HCB. No. M-47, Adv. No. 88-5837A (HCB).

94 B.R. 293 (1988)

In re WEDTECH CORPORATION f/k/a/ Welbilt Electronic Die Corp., Debtor. WEDTECH CORPORATION f/n/a/ Welbilt Electronic Die Corp. and the Official Committee of Unsecured Creditors of Wedtech f/k/a/ Welbilt Electronic Die Corp., Plaintiffs, v. BANCO POPULAR DE PUERTO RICO, Defendant.

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

December 20, 1988.

Attorney(s) appearing for the Case

Strook & Strook & Lavan, New York City (Brian M. Cogan, of counsel), for plaintiff Official Committee of Unsecured Creditors.

Quirk & Bakalur, P.C., New York City (Roy E. Quirk, of counsel), Sedgwick, Detert, Moran & Arnold, New York City (James M. McCullough III, of counsel), for defendant.

OPINION and ORDER

LEISURE, District Judge.

Defendant has moved this Court for an order withdrawing the bankruptcy referral with regard to the present action, or in the alternative requesting that this Court abstain from exercising bankruptcy jurisdiction. For the following reasons, the motion is denied, but the referral is modified to withdraw the bankruptcy referral with respect to final judicial determination of the action, should that eventuality occur...

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