FEDERAL INS. CO. v. SHELDON

No. 90 Civ. 2256 (PKL).

167 B.R. 15 (1994)

FEDERAL INSURANCE COMPANY, Plaintiff, v. Donald T. SHELDON, Mary Schad and Don L. Horwitz, Trustee for the Liquidation of Donald Sheldon & Co., Inc., Defendants.

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

April 4, 1994.


Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler (Jay G. Strum, John W. Schryber, David S. Pegno, Michael J. Gergen, of counsel), New York City, for defendant Don L. Horwitz.

Wilson Elser Moskowitz Edelman & Dicker (Glen Feinberg, Nina Cangiano, Mark G. Ledwin, of counsel), New York City, for plaintiff Federal Ins. Co.


OPINION AND ORDER

LEISURE, District Judge.

This is a declaratory judgment action. Defendant Don L. Horwitz (the "Trustee"), trustee for the liquidation of Donald Sheldon & Co., Inc. ("DSCO" or the "Debtor"), previously commenced an adversary proceeding in bankruptcy court against Donald T. Sheldon, DSCO's former President and Chairman, and others, alleging that they were responsible for losses in excess of $14 million that ensued from the Debtor...

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