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IN RE LLOYD SECURITIES, INC.

Bankruptcy No. 90-098DAS. Civ. A. Nos. 94-CV-1391, 94-CV-1416.

183 B.R. 386 (1995)

In re LLOYD SECURITIES, INC., Debtor.

United States District Court, E.D. Pennsylvania.

June 20, 1995.

Attorney(s) appearing for the Case

Richard L. Bazelon, Paul B. Bech, Bazelon & Less, Philadelphia, PA, for appellants in No. 94-CV-1416 and appellees in No. 94-CV-1391.

Warren T. Pratt, David A. Searles, Drinker Biddle & Reath, Philadelphia, PA, for Robert E. Shields, Trustee, appellant in No. 94-CV-1391 and appellee in No. 94-CV-1416.

Theodore H. Focht, Michael E. Don, Kevin H. Bell, Securities Investor Protection Corp., Washington, DC, for Securities Investor Protection Corp., appellant in No. 94-CV-1391 and appellee in No. 94-CV-1416.

MEMORANDUM AND ORDER

JOYNER, District Judge.

The issue in these cross-appeals from the United States Bankruptcy Court for the Eastern District of Pennsylvania concerns the extent to which the customers of a brokerage firm liquidated under the Securities Investor Protection Act of 1970, 15 U.S.C. §§ 78aaa, et seq. ("SIPA"), can recover the attorney's fees and costs incurred in connection with the liquidation proceedings. The Bankruptcy...

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