PHP LIQUIDATING, LLC v. ROBBINS

No. CIV.A.01-236-JJF.

291 B.R. 603 (2003)

PHP LIQUIDATING, LLC, Plaintiff, v. Charles H. ROBBINS, et al., Defendants.

United States District Court, D. Delaware.

March 7, 2003.


Attorney(s) appearing for the Case

Neal J. Levitsky, Agostini, Levitsky, Isaacs & Kulesza, Wilmington, Delaware. Of Counsel: Gerald H. Gline and Warren A. Usatine, Cole, Scholz, Meisel, Forman & Leonard, P.A., Hackensack, New Jersey, for PHP Liquidating, LLC.

William P. Bowden, Gregory A. Taylor, Ashby & Geddes, Wilmington, Delaware. Of Counsel: William M. Goldman, Elizabeth Storch, Sidley, Austin, Brown & Wood, LLP, New York City, for Merrill Lynch, Pierce, Fenner & Smith Incorporated.

David S. Eagle, Klehr, Harrison, Harvey, Branzburg & Ellers, LLP, Wilmington, Delaware. Of Counsel: Raniero D'Aversa, Jr., Claudius O. Sokenu, Mayer, Brown, Rowe & Maw, New York City, for Q Funding, L.P. and R 2 Investments, LDC.

Jeffrey C. Wisler, Karen C. Bifferato, Connolly, Bove, Lodge & Hutz, LLP, Wilmington, Delaware, for Michael B. Sirkin, Janice Phoenix, Edward F. McGehrin, Frances R. McGehrin, and The McGehrin Family Trust.

John G. Harris, Reed Smith, LLP, Wilmington, Delaware, for Elara Ltd.

William A. Hazeltine, Potter, Anderson & Corroon, LLP, Wilmington, Delaware. Of Counsel: Ronald L. Cohen and Mark D. Kotwick, Seward & Kissel, LLP, New York City, for Lakeshore International Ltd.

N. Jane Dubovy, Law Offices of N. Jane Dubovy, Pacific Palisades, California, for Harry Mehterian, Jolana Mehterian, and The Mehterian Family Living Trust.

Dawn E. Mulholland, pro se of Executive Nurse Home Care, Inc., Port Washington, New York, Representing Defendant Executive Nurses Home Care, Inc.

Thomas J. Allingham, II, Anthony W. Clark, Darryl A. Parson, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, Delaware, for Charles H. Robbins.

Stuart M. Brown, Buchanan Ingersoll, PC, Wilmington, Delaware. Of Counsel: James T. Markus, Donald J. Quigley, Block Markus Williams, LLC, Denver, Colorado, for ProFutures Special Equities Fund, L.P. and ProFutures Fund Management, Inc.


MEMORANDUM OPINION

FARNAN, District Judge.

Currently before the Court are motions to dismiss the instant adversary proceeding. For the reasons discussed below, the Court will grant the motions to dismiss.

I. BACKGROUND

A. Procedural History

Plaintiff, PHP Liquidating LLC ("PHP LLC"), originally filed a Complaint (D.I. 7; B/D.I. 1)1 in the United States Bankruptcy Court...

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