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DREXEL BURNHAM LAMBERT GROUP, INC. v. GALADARI

Nos. 84 Civ. 2602 (CBM), 90 Civ. 1241 (CBM).

134 B.R. 719 (1991)

The DREXEL BURNHAM LAMBERT GROUP, INC., Plaintiff, v. A.W. GALADARI and A.W. Galadari Commodities, Defendants. REFCO, INC., Plaintiff, v. Abdul Wahab Bin Ebrahim GALADARI and A.W. Galadari Commodities, Defendants, and the Committee of Receivers for Abdul Wahab Bin Ebrahim Galadari and A.W. Galadari Commodities, Additional Defendant.

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

March 19, 1991.

Attorney(s) appearing for the Case

Thomas W. Hill, Jr., Edward L. Powers, Richards & O'Neil, New York City, for Drexel Lambert.

Carlton R. Asher, Jr., Robert L. Jauvtis, Bickel & Brewer, New York City, for A.W. Galadari Commodities & Committee of Receivers.

Jack Weinberg, Marianne Bretton-Granatoor, Graubard Mollen Horowitz, Pomeranz & Shapiro, New York City, for Refco, Inc.

OPINION RE VACATING STAY

FINDINGS OF FACT AND CONCLUSIONS OF LAW

MOTLEY, District Judge.

SUMMARY STATEMENT

This case is now before the court on a motion by plaintiff, The Drexel Lambert Group, Inc., to vacate the stay of this action. The stay order was entered by this court in January 1987 staying this action pending the outcome of receivership proceedings initiated by the government of Dubai, United Arab Emirates, relating to the business...

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