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IN RE MARUKO, INC.

Bankruptcy No. 91-12303-A11. Adv. No. 95-90485-A11.

200 B.R. 876 (1996)

In re MARUKO, INC., Debtor. Nobutsugu AINO; Hiroshi Aoyama; et al., Plaintiffs, v. MARUKO, INC., Defendant.

United States Bankruptcy Court, S.D. California.

September 30, 1996.

Attorney(s) appearing for the Case

Arnold M. Quittner, Pachulski, Stang, Ziehl & Young, P.C., Joseph A. Eisenberg, P.C., Adrienne M. Coffin, Jeffer, Mangels, Butler & Marmaro L.L.P., Los Angeles, CA, Office of the U.S. Trustee, San Diego, CA, for Reorganized Debtor/Defendant.

Theodore W. Graham, Jeffrey Garfinkle, Brobeck, Phleger & Harrison, San Diego, CA, for Plaintiffs.

MEMORANDUM DECISION

LOUISE DeCARL ADLER, Chief Judge.

Plaintiffs Nobutsugu Aino, et al. ("Aino"), certain former co-owners of Beverly Plaza Shopping Center, Doubletree Rancho Bernardo, High Bluff Office Building, Holiday Inn Civic Center, Kauai Resort Hotel, Ptarmigan Inn, Sports Arena Travelodge and St. Tropez Hotel (the "Cash Co-Owners") have moved for summary judgment in their complaint for declaratory relief filed against Maruko, Inc.

FACTUAL...

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