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IN RE BENNETT FUNDING GROUP, INC.

Bankruptcy No. 96-61376, Adversary No. 96-70280.

232 B.R. 565 (1999)

In re The BENNETT FUNDING GROUP, INC., Debtors. Richard C. Breeden, Plaintiff, v. L.I. Bridge Fund, LLC and European American Bank, Defendants.

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

February 22, 1999.

Attorney(s) appearing for the Case

Simpson, Thacher & Bartlett (William T. Russell, of counsel), New York City, for Trustee.

Berkman, Henoch, Peterson, Peddy (Ronald M. Terenzi, of counsel), Garden City, for L.I. Bridge Fund, LLC.

MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

STEPHEN D. GERLING, Chief Judge.

Richard C. Breeden ("Trustee"), as Chapter 11 Trustee of Bennett Management and Development Corp. ("BMDC") and of the substantively consolidated estates of The Funding Group (the "Consolidated Estates"),1 has commenced this adversary proceeding against the defendant, L.I. Bridge Fund, L.L.C. ("L.I. Bridge"), pursuant to §...

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