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MAX SUGARMAN FUNERAL HOME, INC. v. A.D.B. INVESTORS

No. 89-2046.

926 F.2d 1248 (1991)

MAX SUGARMAN FUNERAL HOME, INC., et al., Plaintiffs, Appellees, v. A.D.B. INVESTORS, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided February 28, 1991.

Attorney(s) appearing for the Case

Robert D. Wieck with whom Adler Pollock & Sheehan Inc. was on brief, Providence, R.I., for defendant, appellant.

Z. Hershel Smith with whom DiSandro-Smith & Associates, P.C., Inc. was on brief, Providence, R.I., for plaintiff, appellee Jason Monzack, Trustee.

Before CAMPBELL, Chief Judge, BOWNES, Senior Circuit Judge, and CYR, Circuit Judge.

CYR, Circuit Judge.

The present appeal implicates important issues of bankruptcy law in a complex factual setting involving a moribund funeral home whose inevitable financial demise was lucratively delayed for years by insiders who financed its life support system at the expense of unsuspecting debenture holders who were left holding the bag when the plug was pulled by the onset of these involuntary bankruptcy proceedings. The ultimate question on appeal is whether...

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