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IN RE RAYTECH CORP.

Bankruptcy No. 89-00293. Adversary No. 99-5058.

238 B.R. 241 (1999)

In re RAYTECH CORPORATION, Debtor. Raytech Corporation, Raytech Composites, Inc., and Raytech Automotive Components Company f/k/a Advanced Friction Materials Company, Plaintiffs, v. Oscar E. Stefanutti, individually and as Trustee of the Oscar E. Stefanutti Family Trust I Dated May 27, 1988, Defendants.

United States Bankruptcy Court, D. Connecticut, Bridgeport Division.

September 9, 1999.

Attorney(s) appearing for the Case

Brian M. Cogan, Stroock & Stroock & Lavan LLP, New York City, Elizabeth J. Austin, Pullman & Comley, LLC, Bridgeport, CT, for Plaintiffs.

Jeffrey Heuer, Jaffe, Raitt, Heuer & Weiss, P.C., Detroit, MI, Leslie Plaskon, Paul, Hastings, Janofsky & Walker, LLP, Stamford, CT, for Defendants.

ORDER ON DEFENDANTS' MOTION FOR DISMISSAL, OR IN THE ALTERNATIVE, ABSTENTION

ALAN H.W. SHIFF, Chief Judge.

BACKGROUND

The parties have submitted a joint stipulation which in relevant part provides the factual predicate for this order. The full text of the stipulation is attached as an Appendix.

A December 8, 1995 order of this court authorized Raytech Composites ("Composites"), a non-debtor Raytech subsidiary, to acquire Advanced Friction...

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