MEMORANDUM OPINION
CROSS MOTIONS FOR SUMMARY JUDGMENT
JOHN D. SCHWARTZ, Chief Judge.
The matters before the court are the cross motions for summary judgment of Defendant State of California and Plaintiff Envirodyne Industries, Inc. ("Envirodyne" or "Debtor" or "Plaintiff"). In this adversary proceeding, Envirodyne seeks to equitably subordinate those shareholders of pre-merger Envirodyne who have not tendered or otherwise redeemed...
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