IN RE DREXEL BURNHAM LAMBERT GROUP INC.

Bankruptcy No. 90 B 10421.

151 B.R. 684 (1993)

In re DREXEL BURNHAM LAMBERT GROUP INC., et al., Debtor.

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

February 19, 1993.


Attorney(s) appearing for the Case

P. Gruenberger, A. Miller, V. Broderick, and H. Spierer, Weil, Gotshal & Manges, New York City, for DBL Liquidating Trust (Trust), as successor in interest to Drexel Burnham Lambert Group Inc. (DBL Group) and its affiliated companies (collectively, Drexel or Debtors).

R. Hronsky, Robert Abrams, Atty. Gen., State of NY, New York City, for Comptroller of State of NY (Comptroller).


MEMORANDUM OF DECISION ON OBJECTION TO CLAIM UNDER THE NEW YORK ABANDONED PROPERTY LAW

FRANCIS G. CONRAD, Bankruptcy Judge.*

The issues presented1 include whether Comptroller's right to pre-petition and post-petition abandoned property under the New York Abandoned Property Law (NYAPL) is pre-empted by the Federal Bankruptcy Laws; and whether Comptroller filed...

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