IN RE SUDBURY, INC.

Bankruptcy No. 92-10148, Adv. No. 92-1237.

140 B.R. 461 (1992)

In re SUDBURY, INC., Debtor. SUDBURY, INC., Plaintiff, v. John H. ESCOTT, Sr., et al., Defendants.

United States Bankruptcy Court, N.D. Ohio.

May 5, 1992.


Attorney(s) appearing for the Case

Frances Floriano Goins, Carolyn J. Buller, Squire, Sanders & Dempsey, Cleveland, Ohio, for debtor-plaintiff.

Norman Rifkind, Beigel & Sandler, Ltd., Chicago, Ill., and Mark Schlachet, Cleveland, Ohio, for defendants, Ross Lake and W. Dean Buckley.

Hershel R. Payne, Bishop, Payne, Williams & Werley, L.L.P., Fort Worth, Tex., and Jerome Leiken, Dettelbach, Sicherman & Baumgart, L.P.A., Cleveland, Ohio, for defendants, John Escott, Sr. and Jr.


MEMORANDUM OF OPINION

DAVID F. SNOW, Bankruptcy Judge.

Background

This injunction action arises out of two lawsuits brought against the Debtor's present or former officers and directors based on allegations of fraud. The first suit, Lake v. Sudbury, Inc., was filed in the United States District Court for the Central District of Illinois on March 14, 1991 against the Debtor, one of Debtor's subsidiaries, Tinkham Veale, II, one of Debtor...

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