IN RE TRANSCON LINES

Bankruptcy Nos. BKDJ CV 90-4282 DT, LA 90-10680-RR, Adv. No. 90-1577.

121 B.R. 837 (1990)

In re TRANSCON LINES, Debtor. Leonard L. GUMPORT, Chapter 7 Trustee of the bankruptcy estate of Transcon Lines, Plaintiffs, v. GROWTH FINANCIAL CORPORATION, a Delaware corporation; OHA, Inc., a Delaware corporation; P-I-E Nationwide, Inc., a Florida corporation; Growth Investments, Inc., a Delaware corporation; Olympia Holding Corporation, a Delaware corporation, Defendants.

United States District Court, C.D. California.

December 11, 1990.


Attorney(s) appearing for the Case

Patrick L. Shreve, Marjorie S. Steinberg, Alan D. Smith, Tuttle & Taylor, Los Angeles, Cal., for plaintiff Leonard L. Gumport, Chapter 7 Trustee.

Richard W. Havel, Amy Applebaum, Jennifer C. Hagle, Sidley & Austin, Los Angeles, Cal., Robert A. Downing, Sidley & Austin, Chicago, Ill., for Growth Financial Corp. and Growth Investments Inc.

Edward Gartenberg, Burris, Drulias & Gartenberg, Los Angeles, Cal., Richard Sarafan, Richard & Richard, Miami, Fla., of counsel, for defendant Olympia Holding Corp.

Ronald Litz, Antin, Magasinn, Litz & Grebow, Los Angeles, Cal., Fred Harris, Jr., Roberts, Baggett, LaFace & Richard, Tallahassee, Fla., Gerald Curington, Roberts, Baggett, LaFace & Richard, Jacksonville, Fla., for defendant P-I-E Nationwide, Inc.

Terry Avchen, Christensen, White, Adler, Fink & Jacobs, Los Angeles, Cal., for defendant OHA, Inc.


MEMORANDUM OPINION

TEVRIZIAN, District Judge.

BACKGROUND

On or about May 1, 1990, the creditors of Transcon Lines (Transcon) filed an involuntary Chapter 7 petition against Transcon. The debtor, Transcon, subsequently consented to an entry of an order for relief under Chapter 11. Leonard L. Gumport was appointed trustee of the bankruptcy estate.

The trustee of Transcon filed an adversary proceeding...

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