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  5. 138 B.R. 5 (1992)
 

IN RE WEDTECH SECURITIES LITIGATION

Bankruptcy No. 86-B-12366 (HCB), Nos. 87 Civ. 7139 (LBS), 87 Civ. 7220 (LBS).

138 B.R. 5 (1992)

In re WEDTECH SECURITIES LITIGATION. In re WEDTECH CORPORATION, f/k/a Welbilt Electronic Die Corporation, Debtor. CEPA CONSULTING, LTD., as Trustee of the Liquidating Trust of Wedtech Corp., Plaintiff, v. KING MAIN HURDMAN and Peat Marwick Main & Co. as Successor of Certain Interests of KMG Main Hurdman, Defendants. CEPA CONSULTING, LTD., as Trustee of the Liquidating Trust of Wedtech Corp., Plaintiff, v. TOUCHE ROSS & CO., Defendant.

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

As Amended May 11, 1992.

Attorney(s) appearing for the Case

Stroock & Stroock & Lavan, New York City (Brian M. Cogan, Stuart M. Riback, of counsel), for plaintiff.

Willkie Farr & Gallagher, New York City (Richard L. Klein, James D. Goldsmith, of counsel), for defendants KMG Main Hurdman and Peat Marwick Main & Co.

Arnold & Porter, New York City (Stephen M. Sacks, Craig Newman, of counsel), for defendant Touche Ross & Co.

SAND, District Judge.

This action is one piece of the complex litigation surrounding the activities of the now bankrupt Wedtech Corporation. Here, the trustee in bankruptcy, CEPA Consulting, has brought suit against Wedtech's former accountants, KMG Main Hurdman and Peat Marwick Main & Co. (hereinafter "Main Hurdman") and Touche Ross & Co. for various claims of malpractice.

In 1987, the defendants moved to dismiss the action, claiming that because...

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