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IN RE PROFESSIONAL INVESTORS INS. GROUP, INC.

Bankruptcy No. 397-34575-SAF-11, Adversary No. 397-3289.

232 B.R. 870 (1999)

In re PROFESSIONAL INVESTORS INSURANCE GROUP, INC., Debtor. Professional Investors Insurance Group, Inc., Plaintiff, v. United Overseas Bank (Luxembourg), S.A., Defendant.

United States Bankruptcy Court, N.D. Texas, Dallas Division.

February 4, 1999.

Attorney(s) appearing for the Case

Paul Keiffer, Hance, Saporous, Wright, Dallas, TX, for plaintiff.

Steven T. Holes, Worship, Forsythe & Wooldridge, Dallas, TX, and Martin G. Bunin, Thelan, Reid & Priest, New York City, for defendants.

MEMORANDUM OPINION AND ORDER

STEVEN A. FELSENTHAL, Bankruptcy Judge.

United European Bank, formerly United Overseas Bank-Luxembourg S.A., filed a proof of claim in the bankruptcy case of Professional Investors Insurance Group, Inc., (PIIGI), for $1,807,211.56, secured by a security interest in 1,100,000 shares of common stock of United Republic Life Insurance Company (URLIC) owned by PIIGI. The URLIC stock is property of the bankruptcy estate. PIIGI...

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