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IN RE CARA CORP.

Bankruptcy No. 90-15397S, Adv. No. 91-1084S.

148 B.R. 760 (1992)

In re The CARA CORPORATION, Debtor. The CARA CORPORATION, Plaintiff, v. CONTINENTAL BANK, Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

October 23, 1992.

Attorney(s) appearing for the Case

Melvin Lashner, Philadelphia, PA, for debtor.

Andrew N. Schwartz, Philadelphia, PA, for Creditors' Committee.

Alan Gershenson, Blank, Rome, Comisky & McCauley, Philadelphia, PA, for Continental Bank.

Lewis Kates, Philadelphia, PA, special counsel to the debtor.

Andrea J. Pollack, New York City, for Irving Safra and Solomon R. Pollock.

Frederic Baker, Asst. U.S. Trustee, Philadelphia, PA, U.S. Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

A. INTRODUCTION

CONTINENTAL BANK ("the Bank"), the Defendant in this lender-liability action brought by THE CARA CORPORATION ("the Debtor"), has filed a Motion seeking the entry of Summary Judgment in its favor ("the Motion"). The gravamen of this proceeding is the Debtor's claims that the Bank, the Debtor's major source of funding, failed to disclose to the Debtor...

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