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IN RE THOMSON McKINNON SECURITIES, INC.

Bankruptcy Nos. 90 B 10914, 90 B 11805 and 90 B 13820.

149 B.R. 61 (1992)

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

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

December 29, 1992.

Attorney(s) appearing for the Case

Debevoise & Plimpton, New York City, for debtors.

Healy & Baillie, New York City, for Robert M. Kimball.

Salomon Green & Ostrow, P.C., New York City, for Amorose, Barnes, Conley and Lynch.

W. Gregory Robertson, pro se.

David T. Eames, New York City, Bodian & Eames, for David Vogel.

Stroock & Stroock & Lavan, New York City, for the Creditors' Committee.

DECISION ON MOTION AS TO SENIOR OFFICERS' AND DIRECTORS' CLAIMS

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The Chapter 11 debtor, Thomson McKinnon Securities, Inc. ("TMSI"), objects to the claims filed by seven former directors and executive officers on the ground that it has no liability for their contractual employment and fringe benefit claims because their claims should be borne solely by TMSI's parent corporation, Thomson McKinnon Inc. ("TMI"), which is...

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