IN RE RAYMARK INDUSTRIES, INC.

Bankruptcy Nos. 98-51532, 98-51540, Adv. No. 98-5111.

228 B.R. 524 (1999)

In re RAYMARK INDUSTRIES, INC., Debtor. In re Raymark Corporation, Debtor. Laureen M. Ryan, as Trustee of Raymark Industries, Inc. and Raymark Corporation; Raytech Corporation; and Official Committee of Unsecured Creditors of Raytech Corporation, Plaintiffs, v. Craig R. Smith, individually and as trustee of the Stratford Trust; Bradley C. Smith, individually and as trustee of Raymark Industries, Inc. Irrevocable Retiree Benefit Plans Trust Agreement; James F. Cobb; Diann K. Smith; Sherry Smith; Sharee Wood; John F. Lynn; Calvin E. Thorpe; R.E. Laukhuff; James Worthington; Universal Friction Composites, Inc.; Investors International, Inc.; Carolina Investors, Inc.; Engineered Friction Materials, Inc.; Ferotec Limited; Ferotec Friction Dynamics, Limited; and FDL USA; Defendants.

United States Bankruptcy Court, D. Connecticut.

January 15, 1999.


Attorney(s) appearing for the Case

James G. Green, Jr., Pepe & Hazard, Hartford, CT, for plaintiff Laureen M. Ryan.

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

Trevor W. Swett III, Caplin & Drysdale, Chartered, Washington, D.C., for plaintiff Official Creditors' Committee.

Peter M. Nolin, Gregory W. Nye, Hebb & Gitlin, Hartford, CT, for defendants Craig R. Smith and Bradley C. Smith, individually and in their capacities as trustees, and James Cobb.

Dean W. Baker, Law Offices of Dean W. Baker, New Haven, CT, for individual defendants Diann K. Smith, Sherry Smith, Sherry Wood, and corporate defendants III, FDL USA, FDL UK and Ferotec, Ltd.

Brendan J. O'Rourke, O'Rourke, O'Hanlan & Zimmermann, New Canaan, CT, for corporate defendant UFC.

Irve J. Goldman, Jacobs Goldman LLC, Norwalk, CT, for individual defendants John F. Lynn, Calvin E. Thorpe, and R.E. Laukhuff.

Julie A. Manning, Shipman & Goodwin, L.L.P., Hartford, CT, for corporate defendant Carolina Investors and its subsidiaries.

Carl T. Gulliver, Coan, Lewendon, Royston, Deming & Gulliver, New Haven, CT, for Robert F. Carter, Guardian Ad Litem for Future Claimants.

Richard D. Zeisler, Zeisler & Zeisler, Bridgeport, CT, for Equity Security Holders Committee.

Deirdre A. Martini, United States Attorneys Office, Bridgeport, CT, for the United States Environmental Protection Agency.


ALAN H.W. SHIFF, Chief Judge.

SIXTH MODIFIED TEMPORARY RESTRAINING ORDER

WHEREAS, on December 8, 1998, the plaintiffs commenced this adversary proceeding to recover damages in excess of $50,000,000 based upon, inter alia, the defendants' alleged fraud, breach of fiduciary duty, breach of contract, conversion, and unjust enrichment. The 14 count complaint seeks, in addition to money damages, inter alia, the turnover of assets held by...

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