CROWTHERS McCALL PATTERN, INC., Debtor-in-Possession, Plaintiff,
v.
Reginald F. LEWIS, Shearson Lehman/American Express, Inc., Shearson Lehman Brothers Group Inc., Shearson TLC, Shearson Lehman Brothers Holdings, Inc., Shearson Lehman Brothers International, Inc., Shearson Lehman Brothers Capital Partners I, Shearson Lehman Brothers Inc., Bankers Trust Company, Earle K. Angstadt, Jr., Samuel P. Peabody, Richard J. Olivarez, Jean S. Fugett, Robert C. Dejongh, Sanford Cloud, Jr., Marilda G. Alfonso, Lee A. Archer, Jr., and James E. Obi, Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
July 3, 1991.
July 3, 1991.
Attorney(s) appearing for the Case
Rosenman & Colin, New York City (Robert W. Gottlieb, Arthur S. Linker, Sandy A. Wald, Carole R. Bernstein, of counsel), for plaintiff.
Willkie Farr & Gallagher, New York City (Joseph T. Baio, Douglas Young Peters, George B. Schwab, of counsel), for defendants Shearson Lehman/American Exp. Inc., Shearson Lehman Bros. Group Inc., Shearson TLC Inc., Shearson Lehman Bros. Holdings, Inc., Shearson Lehman Bros. Intern., Inc., Shearson Lehman Bros. Capital Partners I and Shearson Lehman Bros. Inc.
Moses & Singer, New York City (David B. Eizenman, David B. Picker, Moses & Singer, Jack H. Weiner, Bankers Trust Co., of counsel), for Defendant Bankers Trust Co.
Paul, Weiss, Rifkind, Wharton & Garrison, New York City (Mark H. Alcott, Stuart M. Cobert, Melissa T. Rosse, Antony J. Blinken, Adam Mitzner, Nancy L. Bertolino, of counsel), for individual defendants.
United States District Court, S.D. New York.
LASKER, District Judge.
This case concerns the rights of creditors of a corporation to seek compensation from participants in the sale of the corporation when the debt assumed by that corporation as a result of the sale renders it unable to meet its financial obligations. Certain defendants move to dismiss the complaint as to them.
TLC Pattern, Inc. ("TLC Pattern") was a designer and manufacturer of home sewing patterns...
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