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IN RE WEDTECH CORP.

No. 88-5300A.

88 B.R. 619 (1988)

In re WEDTECH CORPORATION, f/k/a Welbilt Electronics Die Corp., Debtor. WEDTECH CORPORATION, f/k/a Welbilt Electronics Die Corp., Plaintiff, v. Franklyn C. NOFZIGER, Mark A. Bragg, Nofziger & Bragg Communications, Defendants.

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

July 15, 1988.

Attorney(s) appearing for the Case

Pollner, Mezan, Stolzberg, Berger & Glass, P.C. by John H. Reichman, and Melissa P. Zelen, New York City, for debtor.

Laxalt, Washington, Perito & Dubuc by Robert Plotkin, Washington, D.C., Huber, Lawrence & Abell by James Sirotal, New York City, for defendants.

Stroock & Stroock & Lavan by Bonnie Schindel, New York City, for Creditors Committee.

DECISION AND ORDER

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

When Wedtech Corporation ("Wedtech" or "Plaintiff") filed its petition under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 1101 et seq. (1986), on December 15, 1986, it brought with it almost unmatched charges of criminality by its officers, directors, consultants and various former and current public officials. Since then, some of these people have been convicted. This case concerns...

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