OFFICIAL COMM. UNSECURED CREDITORS v. INVESTCORP

No. 97 CIV. 9261(MGC).

80 F.Supp.2d 129 (1999)

OFFICIAL COMMITTEE OF the UNSECURED CREDITORS OF COLOR TILE, INC., Plaintiff, v. INVESTCORP S.A., Investcorp International Inc., CIP Limited, Corporate Equity Limited, Acquisition Equity Limited, Funding Equity Limited, Planning Equity Limited, Elias N. Hallack, Nemir A. Kirdar, Michael L. Merritt, Paul W. Soldatos, Jon P. Hedley, Charles J. Philippin, E. Garrett Bewkes, III, Walter F. Loeb, Coopers & Lybrand, L.L.P., Investcorp Bank, E.C., ABF Acquisition Corp., Investcorp Holdings Limited, Window Investments Limited, Shades International Limited, Shades Investments Limited, Blinds Equity Limited, Blinds Holdings Limited, AIBC Investcorp Finance B.V., Investcorp Investment Holdings Limited, Acquisition Capital Limited, Corporate Capital Limited, Funding Capital Limited, and Planning Capital Limited, Defendants.

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

November 18, 1999.


Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, LLP, New York City by Peter M. Fishbein, Juan C. Ordonez, Michael A. Lynn, Jane W. Parver, for Plaintiff.

Hughes Hubbard & Reed LLP, New York City by William R. Maguire, Robert J. Sisk, Claudia G. McMullin, for Defendant Coopers & Lybrand L.L.P.


OPINION

CEDARBAUM, District Judge.

The plaintiff is the Official Committee of Unsecured Creditors of Color Tile, Inc. (the "Committee") which was appointed in the 1996 bankruptcies of Color Tile, Inc. ("Color Tile") and Color Tile Holdings, Inc. ("CT Holdings"). The Committee is empowered to prosecute certain claims, including the claims in this action, on behalf of the estates of Color Tile and CT Holdings, the Unsecured Creditors' Trust, and the...

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