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IN RE WEDTECH CORP.

Bankruptcy No. 86 B 12366, Adv. No. 88-5150A.

137 B.R. 575 (1992)

In re WEDTECH CORPORATION, f/k/a Welbilt Electronics Die Corp., Debtor. WEDTECH CORPORATION, f/k/a Welbilt Electronics Die Corp., Plaintiff, v. BIAGGI AND EHRLICH, a partnership, Richard M. Biaggi, Bernard G. Ehrlich, and Mario Biaggi, individually and as members of the partnership, Defendants.

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

March 7, 1992.

Attorney(s) appearing for the Case

J. Reichman, Esq., Gold & Wachtel, New York City, for Matthew Harrison, as Liquidating Agent of the Wedtech Liquidating Trust, successor to plaintiff Wedtech Corp. (Wedtech).

D. Amorosa, New York City, for Richard Biaggi.

MEMORANDUM OF DECISION ON SUMMARY JUDGMENT

FRANCIS G. CONRAD,* Bankruptcy Judge.

Wedtech was a manufacturer of machinery and equipment, whose major source of income derived from manufacturing materials for the United States Department of Defense ("DOD"). The DOD contracts were obtained under the section 8A program of the Small Business Administration ("SBA"), which allowed qualified minority-owned businesses to receive government...

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