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IN RE THORNHILL GLOBAL DEPOSIT FUND, LTD.

Bankruptcy No. 99-12558-CJK.

245 B.R. 1 (2000)

In the Matter of THORNHILL GLOBAL DEPOSIT FUND, LTD., Debtor. Wayne Aranha and Ishmael Lightbourne, Official Liquidators of Thornhill Global Deposit Fund, Ltd. v. Eagle Fund, Limited, Mercurius Investment Holding, Limited, Verdant Investors Group, Ltd., and Boland Enterprises, Ltd., Defendants.

United States Bankruptcy Court, D. Massachusetts.

February 1, 2000.

Attorney(s) appearing for the Case

Daniel M. Glosband, Goodwin, Proctor & Hoar, Boston, MA, for Debtors.

S. Gordon, J. Nabors, for Mercurius.

J. Gilmore, for Hill & Barlow.

J. Kobe, for Eagle.

J. Rudman, for Verdant and Boland.

MEMORANDUM OF DECISION ON MOTION AND CROSS-MOTION FOR SUMMARY JUDGMENT

CAROL J. KENNER, Bankruptcy Judge.

This proceeding presents a dispute between a high risk international investment fund and several of its investors.1 It is an ancillary proceeding under section 304 of the Bankruptcy Code. Thornhill Global Deposit Funds, Ltd. ("Thornhill Global" or "Debtor") is a debtor in a compulsory winding-up proceeding in the Bahamas...

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