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CAE INDUSTRIES LTD. v. AEROSPACE HOLDINGS CO.

No. 89 Civ. 2845 (CBM).

116 B.R. 31 (1990)

CAE INDUSTRIES LTD., CAE-Link Corporation and Allen Holdings Corporation, Plaintiffs, v. AEROSPACE HOLDINGS COMPANY, the Singer Company, and Paul A. Bilzerian, Defendants.

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

May 15, 1990.

Attorney(s) appearing for the Case

Shearman & Sterling, New York City (Carole L. Fern, Lorraine K. Rak, of counsel), for plaintiffs.

Oppenheimer, Wolff & Donnelly, New York City (Herbert C. Ross, Jr., of counsel), for defendants Aerospace & Singer.

Myerson, Cooper, Stahl & Zelmanovitz, New York City (Joseph Zelmanovitz, of counsel), for defendant Bilzerian.

MEMORANDUM OPINION

MOTLEY, District Judge.

Pursuant to an order issued January 28, 1990, this court granted plaintiffs' request to continue this action against Bilzerian to the extent of allowing discovery to proceed as to Bilzerian's assets. Defendants' request to extend to Bilzerian the Florida Bankruptcy Court's stay as to BiCoastal in this action was denied. The court's reasoning for the said order granting the above requests follows.

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