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IN RE TRANSCOLOR CORP.

Bankruptcy No. 98-6-5483-JS, Adversary No. 99-5627-JS.

296 B.R. 343 (2003)

In re TRANSCOLOR CORPORATION, Debtor. National City Bank of Minneapolis, Plaintiff, v. Morton M. Lapides, Sr., et al., Defendants.

United States Bankruptcy Court, D. Maryland.

June 13, 2003.

Attorney(s) appearing for the Case

Gregory Alan Cross, Andrew M. Dansicker, Venable, Baetjer and Howard, LLP, Baltimore, MD, Counsel for National City Bank.

Gerald F. Chapman, Bethesda, MD, Eric S. Lipsetts, Jepsen & Lipsetts, Annapolis, MD, Counsel for Morton M. Lapides, MML, Inc. and Alleco, Inc.

Monique D. Almy, Swidler, Berlin, Shereff and Friedman, LLP, Washington, D.C., Chapter 7 Trustee.

MEMORANDUM OPINION GRANTING COMPLAINT AGAINST MORTON M. LAPIDES, SR., AND ALLECO, INC., FOR FRAUDULENT MISREPRESENTATION, FRAUDULENT CONCEALMENT AND FRAUDULENT CONVEYANCE

JAMES F. SCHNEIDER, Chief Judge.

This opinion stands for the proposition that the holder of a claim against a Chapter 7 debtor corporation has standing to sue on the claim in the bankruptcy court against the debtor and the debtor's alter ego whose fraudulent misrepresentations on...

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