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IN RE J.T. MORAN FINANCIAL CORP.

Bankruptcy Nos. 90 B 20078, 90 B 20086 and 90 B 20087.

147 B.R. 335 (1992)

In re J.T. MORAN FINANCIAL CORP., et al., Debtor. Eric KURTZMAN, Chap. 7 Trustee of J.T. Moran & Co., Inc., et al., Plaintiffs, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., American International Group, Defendants.

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

November 12, 1992.

Attorney(s) appearing for the Case

Mait, Wang & Simmons, New York City, for National Union Fire Ins. Co.

Denise Savage, of counsel, Kurtzman & Haspel, Cascone, Cole & Savage, New York City, for trustee.

DECISION ON MOTION FOR SUMMARY JUDGMENT

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The insurance company defendants in this adversary proceeding commenced by the Chapter 7 trustee of the debtor, J.T. Moran Financial Corp., have moved for summary judgment pursuant to Federal Rule of Civil Procedure 56, as adopted by Federal Rule of Bankruptcy Procedure 7056. The defendants maintain that as a matter of law the trustee may not recover under a Security Dealer Blanket...

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