IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

Nos. 90 Civ. 6954 (MP), 93 Civ. 4022 (MP) and 90 B 10421 (FGC).

157 B.R. 539 (1993)

In re The DREXEL BURNHAM LAMBERT GROUP, INC., et al., Debtors. The DBL LIQUIDATING TRUST, Appellant, v. CLARKSON CONSTRUCTION COMPANY, Appellee.

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

August 6, 1993.


Attorney(s) appearing for the Case

George Wailand, Gregg Kanter, Cahill Gordon & Reindel, New York City, for appellant DBL Liquidating Trust.

Mark G. Arnold, Mark G. Flaherty, Husch & Eppenberger, St. Louis, MO, for appellee Clarkson Constr. Co.


OPINION

MILTON POLLACK, Senior District Judge:

DBL Liquidating Trust ("Drexel") appeals the denial by Francis G. Conrad, Bankruptcy Judge, of a motion for summary judgment in its favor on a claim filed by Clarkson Construction Company ("Clarkson") in Drexel's bankruptcy proceedings. This appeal is by grant of leave from this Court. The issue is whether as a matter of law Clarkson ratified approximately 3,000 trading transactions made in a brokerage...

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