IN RE CIS CORP.

Bankruptcy Nos. 89-B-10073 (PBA) to 89-B-10084 (PBA). Adv. No. 90-6011A.

195 B.R. 251 (1996)

In re CIS CORPORATION, Continental Information Systems Corporation, et al., Debtors. James P. HASSETT, as Trustee of Continental Information Systems Corporation, et al., Plaintiffs, v. Harry E. GOETZMANN, Jr., Defendant.

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

As corrected May 2, 1996.


Attorney(s) appearing for the Case

Langan Grossman Kinney Dwyer & Reitz, P.C. by Richard D. Grossman, Susan Johns, East Syracuse, NY, for Harry E. Goetzmann, Jr.

Wilmer, Cutler & Pickering by Stephen Black, Ross Albert, Washington, DC, for Chapter 11 Trustee.


MEMORANDUM DECISION AFTER TRIAL GRANTING JUDGMENT IN FAVOR OF TRUSTEE

PRUDENCE BEATTY ABRAM, Bankruptcy Judge.

This adversary proceeding was commenced by James P. Hassett as Chapter 11 trustee (the "Trustee") of CIS Corporation and its related subsidiaries and affiliates ("CIS" or "Debtors") to recover pre-petition payments of $364,791 made to or for the benefit of Harry E. Goetzmann, Jr., the founder and former president of the Debtor, just 2 weeks...

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