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IN RE MASTERS, INC.

Bankruptcy No. 891-80703-478.

141 B.R. 13 (1992)

In re MASTERS, INC., Debtor.

United States Bankruptcy Court, E.D. New York.

June 8, 1992.

Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, New York City, for the debtor

Parker Chapin, Flattau & Kliml, Special Litigation Counsel by Philip Kalban, Barry J. Brett, New York City.

Cohn, Roitman & Kelakos by A. Davis Whitesell, Boston, Mass., for Frank Saccurato, Jr.

Otterbourg, Steindler, Houston, & Rosen by Morton Gitter, New York City, for the Official Creditors' Committee.

DECISION ON DEBTOR'S MOTION TO EXPUNGE OR REDUCE CLAIM NO. 663 OF MARS STORES, INC.

DOROTHY EISENBERG, Bankruptcy Judge.

I. FACTS AND BACKGROUND

This matter comes before this Court because the Debtor, Masters, Inc. ("Debtor"), is objecting to the allowance of an unliquidated claim in excess of five million ($5,000,000) dollars filed by Mars Stores, Inc. ("Mars"), represented here by the creditor's trustee ("Creditor") who was appointed pursuant...

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