In the Matter of TEU HOLDINGS, INC, et al., Debtors.
The Official Committee Of Unsecured Creditors of Teu Holdings, Inc., This End Up Furniture Co., et al., Plaintiffs,
v.
Robert A. Kemeny, James A. Wall, Saleem Muqaddam, Robert George, James Vangilder, Charles Coppening Caroline S. Hipple, R. Dixon Bartlett, III, Robert Lynn Brandon, Jeffrey L. Thomas, Anita M. Pugh, Hygrade Distribution and Delivery Systems Inc., and Hygrade Integrated Logistics Systems, Inc., Defendants.
United States Bankruptcy Court, D. Delaware.https://leagle.com/images/logo.png
November 1, 2002.
November 1, 2002.
Attorney(s) appearing for the Case
Jon E. Abramczyk, Morris, Nichols, Arsht & Tunnell, Wilmington, DE, Lawrence J. Slattery, Cora M. Jones, Morgan, Lewis & Bockius, LLP, New York City, for Muqaddam, George, Vangilder, Corpening, Hipple, Bartlett, Thomas and Pugh.
Adam Hiller, Wilmer C. Bettinger, Pepper Hamilton, LLP, Wilmington, DE, Jonathan L. Hauser, Troutman Sanders, LLP, Norfolk, VA, for James Wall.
William P. Bowden, Ricardo Palacio, Ashbey & Geddes, Wilmington, DE, Norman N. Kinel, Melissa Zelen Neier, Sidley, Austin, Brown & Wood, LLP, New York City, for the Official Committee of Unsecured Creditors.
Bonnie Glantz Fatell, Dale R. Dube, Blank, Rome, Comisky & McCauley, LLP, Wilmington, DE, Jonathan Thau, Frank E. DeGrim, Gladys Xiques, Luboja & Thau, LLP, New York City, for Hygrade Integrated Logistics Systems, Inc. and Hygrade Distribution and Delivery Systems, Inc.
Mark E. Felger, Jennifer Lee Scoliard, Cozen & O'Connor, Wilmington, DE, for the Debtors.
Frank Perch, Wilmington, DE, Office of the United States Trustee.
United States Bankruptcy Court, D. Delaware.
MEMORANDUM OPINION
RANDALL J. NEWSOME, Bankruptcy Judge.
I. BACKGROUND
On February 17, 2000, the Debtors filed their respective voluntary petitions for relief under Chapter 11 of the Bankruptcy Code. The Debtors remain as debtors-in-possession pursuant to 11 U.S.C. § 1107 and 1108 of the Bankruptcy Code.1 The Debtors have ceased operations and are currently in the process of liquidating their assets...
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