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IN RE NORTH STAR MANAGEMENT, LP

Bankruptcy No. 01-30252, Bankruptcy No. 01-30251, Adversary No. 02-7057.

305 B.R. 312 (2003)

In re NORTH STAR MANAGEMENT, LP, North Star Management, LLP, Debtors. Michael J. Farrell, Chapter 7 Trustee, Plaintiff, v. American Executive Management, Inc., and Countryside Partners, LLC, Defendants.

United States Bankruptcy Court, D. North Dakota.

October 10, 2003.

Attorney(s) appearing for the Case

David Johnson, Fargo, ND, for Michael Farrell.

Jay Carlson, Fargo, ND, for American Executive Management, Inc.

Lowell Bottrell, Fargo, ND, for Countryside Partners, LLC.

MEMORANDUM AND ORDER

WILLIAM A. HILL, Bankruptcy Judge.

The plaintiff, Chapter 7 trustee Michael J. Farrell, commenced the above-captioned adversary proceeding by Complaint filed October 11, 2002, seeking a judgment against American Executive Management, Inc. (AEM) in the total amount of $102,304.38, comprised of $82,935.12 for AEM's breach of its contractual and fiduciary duties to ensure that estate funds were...

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