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IN RE PAN AM CORP.

No. 92 Civ. 2194 (CSH).

166 B.R. 538 (1994)

In re PAN AM CORPORATION, et al., Debtors. PAN AMERICAN WORLD AIRWAYS, INC., Debtor in Possession, Appellee, v. CARE TRAVEL CO. LTD., and The Law Firm of Malcolm A. Hoffmann, Appellants, and Joseph F. Cloidt, as Acting Clerk of the United States District Court of the Southern District of New York, and Manufacturers Hanover Trust, Defendants.

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

Opinion on Motion for Reconsideration February 16, 1994.

Attorney(s) appearing for the Case

Malcolm A. Hoffmann, New York City, for appellant Care Travel Co. Ltd.

George Weisz, Cleary Gottlieb, Steen & Hamilton, New York City, for defendants, appellee and debtors.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

Care Travel Co. Ltd. ("Care Travel") appeals from a decision of the Bankruptcy Court of the Southern District of New York, (Cornelius Blackshear, J.) adjudicating rights in a fund representing a civil judgment against debtor-in-possession and appellee Pan American World Airways ("Pan Am").

BACKGROUND

Care Travel is a British corporation that entered into a contract in 1984 with...

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