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IN RE SCHICK

Bankruptcy Nos. 96 B 42902(SMB), 96 B 43969(SMB), 96 B 46282(SMB) and 96 B 45033(SMB).

235 B.R. 318 (1999)

In re David SCHICK, Venture Mortgage Corp., and A & D Trading Group, L.L.C., Debtors. In re Venture Mortgage Fund, L.P., Debtor.

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

June 18, 1999.

Attorney(s) appearing for the Case

Parker Chapin Flattau & Klimpl, LLP, New York City, Lee W. Stremba, of counsel, for Aurora Cassirer, as Trustee.

Curtis, Mallet-Prevost, Colt & Mosle, New York City, Steven J. Reisman, of counsel, for John F. Schmutz, as Trustee.

Kramer Levin Naftalis & Frankel, LLP, New York City, Kenneth H. Eckstein, Philip Bentley, Robert T. Schmidt, of counsel, for Objecting Partners.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, Stephen J. Shimshak, Robert D. Drain, Dana S. Safran, of counsel, for Dears Corp.

MEMORANDUM DECISION AND ORDER REGARDING OBJECTION TO PROPOSED SALE OF LIMITED PARTNER INTERESTS IN 500 WEST END AVENUE OWNERS, L.P.

STUART M. BERNSTEIN, Bankruptcy Judge.

The estates of David Schick ("Schick") and Venture Mortgage Fund, L.P. ("VMFLP") own a combined 73.5% limited partner interest in 500 West End Avenue Owners, L.P. (the "Partnership"). The trustees of these estates propose to assume and assign their rights and obligations under...

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