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IN RE ADLER, COLEMAN CLEARING CORP.

Bankruptcy No. 95-8203(REG). Adversary No. 98-9432(REG).

277 B.R. 520 (2002)

In re ADLER, COLEMAN CLEARING CORP., Debtors. Edwin B. Mishkin, as SIPA Trustee for the Liquidation of the Business of Adler Coleman Clearing Corp., Plaintiff, v. Anthony Siclari, Defendant.

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

March 27, 2002.

Attorney(s) appearing for the Case

Cleary, Gottlieb, Steen & Hamilton, New York City, by Mitchell A. Lowenthal, Fia F. Porter, for SIPA Trustee.

Securities Investor Protection Corporation, Washington, D.C., by Kenneth J. Caputo.

Paul, Hastings, Janofsky & Walker, LLP, New York City, by Harvey A. Strickon, for Anthony Siclari.

DECISION ON OBJECTION TO TRUSTEE'S DETERMINATION DENYING CUSTOMER CLAIM AND IN ADVERSARY PROCEEDING SEEKING EQUITABLE SUBORDINATION

ROBERT E. GERBER, Bankruptcy Judge.

In this case under SIPA1 for the liquidation of securities broker Adler, Coleman Clearing Corp. ("Adler"), the Court consolidated for trial the objection of Anthony Siclari ("Mr. Siclari") to the determination of Edwin B. Mishkin, Adler's court-appointed trustee...

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