IN RE THOMSON McKINNON SECURITIES, INC.

Nos. 92 Civ. 1149 (VLB), 90 B 10914 (HS), 90 B 11815 (HS) and 90 B 13820 (HS).

141 B.R. 31 (1992)

In re THOMSON McKINNON SECURITIES, INC., Thomson McKinnon Inc. and Realty International Corporation, Debtors.

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

April 8, 1992.


Attorney(s) appearing for the Case

Harold D. Jones, New York City, U.S. Trustee.

Virginia R. Brown, Vlock & Brown, New York City, for John P. O'Neill.

Michael E. Wiles, Debevoise & Plimpton, New York City, for debtor Thomson McKinnon Securities, Inc.

Bruce H. Schneider, Stroock & Stroock & Lavan, New York City, for Creditors' Committee.


MEMORANDUM ORDER

VINCENT L. BRODERICK, District Judge.

In this bankruptcy case, a customer of a securities firm in bankruptcy seeks to pursue a class action against the debtor firm, based upon that firm's use of a distant bank for payments to customers of the firm, allegedly in order to delay payments to the profit of the debtor.

In In re Thomson McKinnon Securities, Inc., 133 B.R. 39 (S.D.N.Y.1991) (hereinafter...

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