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IN RE POWERBURST CORP.

Bankruptcy No. 92-15384-A-11F, MC No. KMU-2, Adv. No. 92-1398.

154 B.R. 307 (1993)

In re POWERBURST CORPORATION, Debtor. COMMITTEE OF UNSECURED CREDITORS, Plaintiff, v. RG FINANCIAL, LTD., Harold J. Goald, Thomas Parissidi, Richard A. Leibner, E. Gabriel Perle Profit Sharing Plan and Trust, Defendant.

United States Bankruptcy Court, E.D. California.

April 16, 1993.

Attorney(s) appearing for the Case

Russell D. Greer and Randolf Krbechek, Caswell, Bell, Hillison, Burnside, Greer & Azevedo, Fresno, CA., for defendants.

W. Richard Lee, Kimble, MacMichael & Upton, Fresno, CA, for the Committee.

Riley Walter, McCormick, Barstow, Sheppard, Wayte & Carruth, Fresno, CA, for debtor.

MEMORANDUM OPINION

RICHARD T. FORD, Bankruptcy Judge.

INTRODUCTION

On January 19, 1993, the Committee of Unsecured Creditors, ("COMMITTEE") moved to sever and sought summary judgment on the First, Third, and Eighth claims in this adversary proceeding. After considering the evidence before the Court, argument of counsel, and ruling on the evidentiary objections after considering the Defendants' Response, summary judgment is appropriate as to the...

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