IN RE CRAZY EDDIE SECURITIES LITIGATION

No. 87 C 33.

104 B.R. 582 (1989)

In re CRAZY EDDIE SECURITIES LITIGATION.

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

August 30, 1989.


Attorney(s) appearing for the Case

Rabin & Sirota, Howard B. Sirota, Abbey & Ellis (Arthur Abbey, of counsel), Milberg, Weiss, Bershad (David J. Bershad, of counsel), Stull, Stull & Brody (Jules Brody, of counsel), Law Office of Joseph H. Weiss (Joseph Weiss, of counsel), Law Offices of Joseph J. Tabacco, Jr. (Joseph J. Tabacco, Jr., of counsel), Harvey Greenfield, New York City, Kohn, Savett, Klein & Graf, P.C. (Stuart H. Savett, of counsel), Philadelphia, Pa., for plaintiffs.

Tuttle & Taylor Inc. (C. Stephen Howard, of counsel), Los Angeles, Cal., Folkenflik & Associates (Max Folkenflik, of counsel), New York City, for plaintiff Oppenheimer-Palmieri Fund.

Pryor, Cashman, Sherman & Flynn (James A. Janowitz, of counsel), New York City, Akin, Gump, Strauss, Hauer & Feld (David A. Donohoe, of counsel), Washington, D.C., for defendant Crazy Eddie, Inc.

Kronish, Lieb, Weiner & Hellman (William O'Brien, of counsel), New York City, for defendant Eddie Antar.

Gersten, Savage, Kaplowitz & Zuckerman (Marvin Gersten, of counsel), New York City, for defendants Sam Antar, Mitchell Antar and Allen Antar.

Friedman & Kaplan (Bruce S. Kaplan, of counsel), New York City, for defendant Isaac Kairey and third-party defendant Eddie H. Gindi.

St. John, Oberdorf, Williams, Edington and Curtain (Michael Lambert, of counsel), Newark, N.J., for defendant David Pardo.

Kaye, Scholer, Fierman, Hays & Handler (Steven Glassman, of counsel), New York City, for defendant Oppenheimer & Co., Inc.

Shearman & Sterling (Kenneth M. Kramer, of counsel), New York City, for defendant Peat Marwick Main & Co. and KMG Main Hurdman.

Davis, Markel & Edwards (Thomas J. Sweeney, III, of counsel), New York City, for defendant Peat Marwick Main & Co.

Kelley, Drye & Warren (John P. Marshall, of counsel), New York City, for defendant James H. Scott, Jr.

Weil, Gotshal & Manges (Dennis J. Block, of counsel), New York City, for defendants Salomon Brothers, Inc., Bear Stearns & Co., Inc. and Wertheim & Co., Inc.

William H. Saltzman, New Rochelle, N.Y., pro se.

Morrison, Cohen & Singer (Kevin Rover, of counsel), New York City, for defendant David V. Panoff.

Eisenberg & Tanchum (David M. Rubin, of counsel), New York City, for third-party defendant Abraham Grinberg.

Shatzkin & Reiss (Howard R. Reiss, of counsel), New York City, for third-party defendants Kathleen G. Morin and Jean Cocchiara.

Cheriff & Warner (Jonathan D. Warner, of counsel), New York City, for defendant Sam E. Antar.

Leader & Berkon (Frederick D. Berkon, of counsel), New York City, for defendants Solomon E. Antar, Eddy Antar, Steven Pasquariello, Edmond Levy and Carl G. Zimel.


MEMORANDUM AND ORDER

NICKERSON, District Judge.

Plaintiffs have moved for an order confirming that this action may proceed against all defendants other than Crazy Eddie, Inc., and that the scope of the automatic stay provision of Section 362 of the Bankruptcy Code is limited to that defendant.

On June 20, 1989 Crazy Eddie, Inc. (the Debtor) filed a voluntary petition for protection under Chapter 11 of the Bankruptcy Code. The other defendants (the...

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