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IN RE COMMODORE INTERN., LTD.

No. 99 CV 3418(RCC).

253 B.R. 336 (2000)

In re COMMODORE INTERNATIONAL, LTD., and Commodore Electronics Ltd., Debtors. Commodore International Ltd., and Commodore Electronics Ltd., Debtors-in-Possession by and through The Official Committee of Unsecured Creditors of Commodore International Ltd. and Commodore Electronics Ltd., Plaintiffs-Appellants, v. Irving Gould, Mehdi R. Ali, Alexander M. Haig, Jr., Ralph D. Seligman, Burton Winberg, J. Edward Goff, Hock E. Tan, Ronald B. Alexander, and Anthony D. Ricci, Defendants-Appellees.

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

October 4, 2000.

Attorney(s) appearing for the Case

Curtis C. Mechling, Stroock & Stroock & Lavan, L.L.P., New York City, for appellants.

Richard Carl Schoenstein, Jonathan D. Thier, Cahill, Gordon & Reindel, New York City, for appellees.

OPINION AND ORDER

CASEY, District Judge.

The Official Committee of Unsecured Creditors (the "Committee") of Commodore International Ltd. ("CIL") and Commodore Electronics Ltd. ("CEL") (together "Commodore") appeal the decision of the Bankruptcy Court for the Southern District of New York, James L. Garrity, Jr., J. The Bankruptcy Court dismissed the Committee's claims against certain former officers and directors of Commodore after finding that court...

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