IN RE MADISON ASSOCIATES

Bankruptcy No. LA 93-10002-ES. Adv. No. LA94-04504ES.

183 B.R. 206 (1995)

In re MADISON ASSOCIATES, fka Pannell Kerr Forster, a general partnership, Debtor. MADISON ASSOCIATES, Official Creditors Committee of the Estate of Madison Associates, and United Jersey Bank and Allstate Municipal Income Opportunities Trusts II and III, on behalf of themselves and others similarly situated, Plaintiffs, v. John BALDANTE, et al., (Former Partners of Madison Associates), Marc Abrams, Robert W. Adams, Joseph P. Alam, John A. Andersen, Donald D. Anfinson, Robert A. Ashenden, Scott R. Audrain, Robert L. Awana, Edmund Bailey, M. Barton Baker, Bruce Baltin, C. William Barker, Lucien R. Battiato, Thomas J. Beckett, Wallace L. Behrenz, Bellanca Alfonso C., Thomas J. Beneventi, William A. Benoit, Peggy Berg, Charles Berger, J. Stanley Blumin, L. Clarke Blynn, Gregory T. Bohan, Ralph S. Bowden, John W. Bowman, Raymond E. Brazington, Frank D. Brown, James G. Brown, W. Thomas Brunberg, Scott W. Brush, James E. Burba, Michael C. Burgio, Jr., Michael Burt, James D. Butler, Emmett Cameron, Donald N. Cameron, Jr., John H.D. Campbell, Albert Carreras, Claude Y. Carruth, III, Clarence J. Charlet, Robert W. Ching, Timothy F. Christiana, James A. Cochran, Michael H. Cohn, Frank Compiani, Daniel T. Condon, Richard A. Connor, Jr., Pauline S. Contos, Joseph C. Craig, William J. Crandall, Don I. Criswell, James H. Crofoot, John R. Crow, Ronald L. Cunningham, Sharon Custard, Raymond G. Dane, Kerry S. David, Daryl D. Dekam, John R. Del Pizzo, Richard Delaplane, William H. Denham, Emil Devito, Marie L. Dexter, Thomas P. Dlusky, Thomas P. Donnelly, Galen G. Drake, James R. Duby, Donald M. Edwards, Irwin Ehrlich, Lawrence C. Elmer, Richard B. Engel, Sheldon J. Epstein, Steven L. Erickson, Charles L. Eudy, John Farrington, Raymond E. Faulkner, Joel F. Ferguson, Jaime Figueroa, Geoffrey K. Flynn, John A. Fox, Elwyn F. Freemonth, Kenneth A. Freshman, Michael A. Frigo, Stuart K. Furman, Carey L. Galle' Jr., Robert E. Ganger, Granville R. Gargiulo, Keith Rodric Gastineau, Raymond P. Gaytan, Charles A. Gelman, R. Harold Gibson, James R. Gill, Irwin I. Glick, Harold L. Goldman, Edward N. Goldsberry, Albert J. Gomes, Claude B. Granese, Burton L. Graubart, Eric F. Green, Barclay N. Greene, Patrick W. Greenlee, Peter A. Griffith, Kenneth J. Guidry, Gerard C. Haas, Saul Hammerman, James R. Handley, Daniel C. Hanrahan, II, Howard Y. Harris, Irving L. Heller, Oris A. Hendrickson, Mark Hennelly, Vernon C. Heppner, Laurence Herrup, James W. Hire, Joel Hiser, Neal A. Hochberg, Hubert D. Hoke, David E. Hoover, George M. Horn, Robert B. Hottman, Melvyn G. Howard, Sanford Howard, James G. Howell, II, Evan B. Hume, R. Paul Ikard, Peter I. Isenberg, Mike Isom, Daniel L. Jackson, Donald M. Jacobs, John P. Jaeger, George B. Janes, Theresa E. Jankowski, D. Roger Jenkins, J. James Jenkins, Paul M. Jinneman, Dwaine C. Johnson, John M. Jorgenson, W. Dean Jurgens, Ronald W. Kaiser, Charles Kaiser, Jr., Raymond F. Kamler, Thomas A. Karnowski, Michael G. Kelstrom, Robert E. Kelton, John T. Kenny, Raymond G. Klinc, Walter R. Knepper, John A. Kopecky, Leroy Koross, Frank L. Kos, Walter S. Koziol, Stephen Kunkel, Emanuel Lauria, Jr., Bruce C. Layer, William H. Leisten, Jr., Joseph M. Lemaire, Lawrence R. Lentini, Timothy J. Leroy, Burton Levy, John S. Lewis, George E. Lipp, Robert B. Lipschultz, James C. Littrell, Donald J. Lofquist, K. Keith Long, John C. Love, Elizabeth D. MacDonald, Stanley H. Malis, Kenneth W. Malloy, Theodore R. Mandigo, John E. Markham, Jr., George J. Marose, James A. Martens, Walter A. Martinez, Donald J. Massagli, Daniel Matter, S. Lee Mayhew, Gary C. McEnelly, David L. McFadden, Edward J. McGinty, Edward J. McGowen, Brian J. McNamara, Michael J. McNamara, James P. Mehen, David R. Merrill, David L. Miller, Max E. Miller, Lawrence I. Morgan, M. Jackson Morris, Joseph H. Mosley, Robert W. Moss, Louie A. Mukai, Jr., Juan R. Natal, Michael H. Nekoba, Edward C. Nickles, III, James E. Nixon, James P. Nolan, Jr., John L. Norman, Ward R. Nyhus, Jr., Stanley J. Olejarski, Robert A. Olsen, Michael J. Orlando, Nicholas C. Ourso, Patrick J. O'meara, John S. Pavlik, John J. Pearl, Joseph M. Peiken, Ronald M. Pendergast, Harold W. Perry, Jr., Robert Y. Perryman, James F. Peters, Jr., Gary S. Petler, Kathleen Petrillo, Charles M. Phillips, Charles G. Pinkowski, Fred Pollard, Graham Pope, William H. Posey, III, Rex Poulsen, Robert E. Powell, Anthony J. Pujia, Randall L. Pullen, Patrick Quek, Warren Quinley, Paul Radosevich, Kevin F. Reilly, A. Gerald Reiss, Robert L. Richards, Allen D. Ritchey, Humberto Roche, Richard J. Roddewig, Clyde T. Rodgers, Jr., Rachel J. Roginsky, Robert R. Romek, Wolfgang O. Rood, Samuel Rosen, Leo J. Rosenberger, Robert L. Rosenblatt, Louis G. Russell, III, Armin E. Ruud, Stanley M. Sapp, Ronald F. Saxe, Donald J. Schmidt, W.B. Scholefield, Thomas J. Schultz, John C. Scott, Charles M. Seidenberg, Alan D. Sered, William A. Seymour, Jared Shlaes, William M. Short, Raymond N. Skaddan, Robert Slanina, James K. Slouber, Christopher E. Smith, Garry W. Smith, Janet M. Smith, Ira Snyder, Jerome P. Solomon, Michael C. Sommers, Michael J. Sommers, John L. Sonnier, Peter F. Spiess, Lewis Page Stalcup, III, D. Roger Stewart, Edward Stone, John T. Straub, Art F. Svoboda, Dudley R. Syler, Michael A. Tannery, Joseph R. Taylor, Suhrid M. Thakore, Michael C. Thompson, N. Gordon Thompson, Harold B. Tiller, James J. Tinney, Francisco F. Torrecillas, Eugene A. Tracy, Kenneth B. Travis, Robert G. Turner, Jr., Angel A. Unzalu, Prentice N. Ursery, Vincent J. Vaccaro, Stanley S. Wachi, Glenn M. Walker, Ronald Watanabe, Ernest A. Watari, Thomas M. Watson, Nathaniel Wechsler, William F. Wernersback, Harvey Wershbale, Alan D. Westheimer, Donald R. White, W. Patrick Whitmore, Richard D. Wickman, Marion F. Wilkins, Arnold F. Wilpon, Leonard R. Wohletz, Jr., Steven J. Wolf, Edward A. Wolff, Jr., Maurice L. Yalman, John A. Yannacone, individuals, Defendants.

United States Bankruptcy Court, C.D. California.

May 26, 1995.


Attorney(s) appearing for the Case

Andrew Goodman, Greenberg & Bass, Encino, CA, for debtor Madison Associates.

Andrew Caine, Thomsen Young, Pachulski, Stang, Ziehl & Young, Los Angeles, CA, for Official Committee of Creditors Holding Unsecured Claims, Allstate Mun. Income Opportunities Trusts II and III.

David M. Reeder, Shapiro, Posell, Rosefield & Close, Los Angeles, CA, for Dale L. McCullough, Trustee of Greenville Mortg. Co.

Stephen W. Ragland, Baker, Donelson, Bearman & Caldwell, Memphis, TX, for Robert Awana, Michael Cohn, Paul Jinnemany, John Jorgenson, John T. Straub, Scott Audrain, Stephen P. Kunkel, Charles Pinkowski, William A. Seymour, Loyal W. Behrenz, Leonard R. Wohletz, Joseph Taylor, Art Svoboda, Greg Bohan, Al Gomes and Harold Perry.

Steven J. Brown, Squire, Sanders & Dempsey, Phoenix, AZ, for James Mehen.


MEMORANDUM OF DECISION RE MOTION FOR AN ORDER CERTIFYING CLASS UNDER RULE 23(b)(1)(B)

ERITHE A. SMITH, Bankruptcy Judge.

This memorandum constitutes the Court's ruling on the Motion for an Order Certifying Class Under Rule 23(b)(1)(B) ("Motion") filed by the Plaintiffs, Madison Associates, the Official Creditors Committee of the Estate of Madison Associates, United Jersey Bank and Allstate Municipal Income Opportunities Trusts II and III in connection...

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