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IN RE REACH, McCLINTON & CO., INC.

Civ. A. No. 88-4968 (JCL).

102 B.R. 392 (1989)

In re REACH, McCLINTON & CO., INC., L. Andrew Bernheim, Debtors. Jack BIRNBERG, as Trustee for Reach, McClinton & Co., Inc., and Santo J. Lalomia, as Trustee for L. Andrew Bernheim, Plaintiffs-Appellants, v. RANCHO La COSTA, La Costa Hotel & Spa, Harold F. Tebbets, Martha L. Moor, Una A. Clark, Mervyn Adelson, J.A. Donnelley, Burton L. Kramer, Moe B. Dalitz, Allard Roen, Benjamin Alpert, Irwin Molasky, Equitable Life Assurance Society, International Brotherhood of Teamsters, Chauffeurs, Warehousemen and Helpers of America, William Randall, La Costa Products International, Inc., Lorimar Inc., La Costa Land Co., Daon Corporation, John Doe 1-10, XYZ Partnerships 1-10, and XYZ Corporations 1-10, Defendants-Appellees.

United States District Court, D. New Jersey.

June 9, 1989.

Attorney(s) appearing for the Case

Bernard Schenkler, Ravin, Sarasohn, Cook, Baumgarten, Fisch & Baime, Roseland, N.J., for plaintiffs-appellants.

Walter J. Fessler, Lum, Hoens, Abeles, Conant & Danzis, Roseland, N.J., for defendants-appellees.

OPINION

LIFLAND, District Judge.

Appellants, the plaintiffs in this adversary proceeding before the bankruptcy court, appeal from the bankruptcy court's July 27, 1988 order granting appellees-defendants' motion for summary judgment and denying plaintiffs-appellants' cross-motion for summary judgment. This court has appellate jurisdiction pursuant to 28 U.S.C. § 158(a). For the reasons set forth below, the court reverses the order below and remands to...

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