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IN RE GUCCI

Docket Nos. 96-5138(L), 96-5142(CON), 96-5144(CON), 96-5146(CON) and 96-3133(CON).

105 F.3d 837 (1997)

In re Paolo GUCCI, Debtor. LICENSING BY PAOLO, INC., Paolo Gucci Design Studio, Ltd. and Trackwise Sales Corporation and Orologi Paolo, Inc., Appellants, v. Frank G. SINATRA, as Trustee of the Substantively Consolidated Estates of Paolo Gucci, et al., Guccio Gucci, S.P.A. and Gucci America, Incorporated, Appellees.

United States Court of Appeals, Second Circuit.

Decided January 30, 1997.

Attorney(s) appearing for the Case

Melvin Goldstein, Goldstein & Claxton, Washington, D.C., for appellants Licensing By Paolo, Inc. and Paolo Gucci Design Studio, Ltd.

Michael S. Kimm, Hackensack, NJ, for appellant Trackwise Sales Corp.

Allan C. Samuels, Kenneth Greenwald, Parker Duryee Rosoff & Haft, New York City, for appellant Orologi Paolo, Inc.

Jonathan L. Flaxer, Winick & Rich, for appellee Frank G. Sinatra, Trustee.

Robert Serio, Gibson, Dunn & Crutcher, New York City, for appellees Guccio Gucci, S.p.A.; and Gucci America, Incorporated.

David R. Kittay, Kittay, Gold & Krebsbach, White Plains, NY, for the Creditors' Committee.

Before: NEWMAN, Chief Judge, OAKES and WINTER, Circuit Judges.

JON O. NEWMAN, Chief Judge:

On this motion to dismiss an appeal involving a bankruptcy sale, we write to alert district judges to a major and perhaps unappreciated significance of their action, after denying a stay pending appeal, in denying even a one-day stay to permit a party to seek a stay pending appeal from the Court of Appeals. This matter arises on a motion to stay a bankruptcy sale order pending appeal and a cross-motion to dismiss the appeal as moot. The...

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