IN RE IONOSPHERE CLUBS, INC.

Bankruptcy Nos. 89 B 10448 (BRL), 89 B 10449 (BRL) and 91 B 10289 (BRL). Adv. No. 92-1092A.

177 B.R. 198 (1995)

In re IONOSPHERE CLUBS, INC., Eastern Air Lines, Inc., and Bar Harbor Airways, Inc., d/b/a Eastern Express, Debtors. Martin R. SHUGRUE, Jr. as Trustee of The Estate of Eastern Air Lines, Inc., Plaintiff, v. CHEMICAL BANK, INC., Defendant.

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

January 26, 1995.


Attorney(s) appearing for the Case

Hill & Barlow, P.C. (Bruce E. Falby, Joshua M. Davis, of counsel), Boston, MA, for Special Counsel to Trustee.

Hahn & Hessen (Gabriel Schwartz, David M. Posner, of counsel), Janet Nadile, New York City, for Chemical Bank.


MEMORANDUM DECISION AND ORDER ON PLAINTIFF'S MOTION FOR PARTIAL SUMMARY JUDGMENT

BURTON R. LIFLAND, Chief Judge.

INTRODUCTION

Martin R. Shugrue, Jr. (the "Trustee"), as Trustee of the estate of Eastern Air Lines, Inc. ("Eastern") moves this Court for partial summary judgment ordering the turnover of approximately $1.8 million held by Chemical Bank, Inc. ("Chemical"). Chemical contends that...

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