IN RE SUMMIT CORP.

Nos. 88-1642, 88-1643 and 88-1692.

891 F.2d 1 (1989)

In re SUMMIT CORPORATION, a/k/a Summit Financial Corporation, Debtor. Appeal of ATLANTIC PACKAGING CORPORATION (Two Cases). In re John A. GRANT, Debtor.

United States Court of Appeals, First Circuit.

Decided November 28, 1989.


Attorney(s) appearing for the Case

Peter A. Fine with whom Larry C. Kenna, Douglas W. Salvesen and Choate, Hall & Stewart, Boston, Mass., were on brief, for appellant.

Daniel L. Goldberg with whom Neal A. Rosen and Bingham, Dana & Gould, Boston, Mass., were on brief, for appellee Rand-Whitney Robertson Corp.

Before CAMPBELL, Chief Judge, COFFIN, Senior Circuit Judge, and TORRUELLA, Circuit Judge.


TORRUELLA, Circuit Judge.

During the Chapter 7 proceedings to liquidate the estate of John Grant, the district court noticed the sale of Grant's 70% interest in Atlantic Packaging Corporation ("APC"). The only bidders for the APC stock were Rand-Whitney Robertson Corporation ("Rand"), one of APC's major competitors, and Andrew D'Elia ("D'Elia"), a 30% owner of APC. The major dispute between the parties arose when Rand requested an order from the court to investigate...

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