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IN RE SECURITIES GROUP

No. 90-3467.

926 F.2d 1051 (1991)

In re The SECURITIES GROUP, Debtor. DAYTON SECURITIES ASSOCIATES and Aircraft Investment Associates, et al., Plaintiffs-Appellants, v. MORGAN GUARANTY TRUST COMPANY OF NEW YORK and Morgan Bank (Delaware), Defendants-Appellees, Louis Lowin, Post-Confirmation Administrator, Defendant.

United States Court of Appeals, Eleventh Circuit.

March 15, 1991.

Attorney(s) appearing for the Case

Robert L. Young, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Orlando, Fla., Ira Rubin, Goldman, Rubin & Shapiro, Dayton, Ohio, for plaintiffs-appellants.

Karen E. Wagner, Barbara L. Giuffre, Davis, Polk & Wardwell, New York City, for Morgan.

George E. Ridge, Kent, Ridge & Crawford, Jacksonville, Fla., for Lowin.

Before COX and BIRCH, Circuit Judges, and GIBSON, Senior Circuit Judge.

FLOYD R. GIBSON, Senior Circuit Judge:

The limited partners of three limited partnerships ("the Objectors") appeal the district court's1 affirmance of the bankruptcy court's2 dismissal of their objections to claims asserted by Morgan Guaranty Trust Company of New York and Morgan Guaranty (Delaware) in a Chapter 11 bankruptcy proceeding. We affirm.

I. BACKGROUND

The Securities Group ("TSG"...

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