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IN RE IONOSPHERE CLUBS, INC.

Bankruptcy Nos. 89 B 10448 (BRL), 89 B 10049 (BRL).

119 B.R. 440 (1990)

In re IONOSPHERE CLUBS, INC. and Eastern Air Lines, Inc., Debtors.

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

As Amended August 20, 1990.

MEMORANDUM DECISION ON ASSIGNMENT OF CLAIMS

BURTON R. LIFLAND, Chief Judge.

The diminished expectations of a 100% recovery to creditors in the Eastern Air Lines, Inc. ("Eastern/Debtor") case have resulted in a degree of discomfort among the many speculators who specialize in purchasing creditors' claims in bankruptcy estates. The instant dispute involves a bizarre situation concerning the assignment of claims in...

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