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MATTER OF PRINCETON-NEW YORK INVESTORS, INC.

Bankruptcy Nos. 94-25534, 94-25535. Adv. No. 95-2826.

199 B.R. 285 (1996)

In the Matter of PRINCETON-NEW YORK INVESTORS, INC. and Seasons Resorts, Inc., Debtors. Robert P. GIBBONS, Trustee in Bankruptcy, Plaintiff, v. FIRST FIDELITY BANK, N.A., AHC, Inc., Eugene Mulvihill, et al., and Great American Recreation, Inc., Defendants.

United States Bankruptcy Court, D. New Jersey.

April 25, 1996.

Attorney(s) appearing for the Case

Hellring, Lindeman, Goldstein & Siegal by Richard B. Honig, Newark, NJ, for Trustee Robert P. Gibbons.

Hannoch Weisman, P.C. by Stuart J. Glick, Arlene Elgart Mirsky, Roseland, NJ, for First Union National Bank.

Wilentz, Goldman & Spitzer by Patricia E. Gardner, Woodbridge, NJ, for Pamela Harriman, the Harriman Trusts, and Tandem Associates, L.P.

Schachter & Stern by Audrey S. Stern, Livingston, NJ, for Great American Recreation, Inc. and Gene Mulvihill.

Robert A. Drexel, Hackensack, NJ, for AHC, Inc.

OPINION

ROSEMARY GAMBARDELLA, Bankruptcy Judge.

There are two matters presently before this Court: the first, a motion by Defendants, Eugene Mulvihill ("Mulvihill") and Great American Recreation, Inc. ("GAR"), to dismiss the Complaint in its entirety as against GAR, and to dismiss all causes of action asserted pursuant to 11 U.S.C. § 548 as against Mulvihill; and the other, a motion by First Fidelity Bank, N.A., now known as First Union National...

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