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IN RE PROTARGA, INC.

Bankruptcy No. 03-12564(PJW), Adversary No. 04-53374(PJW).

329 B.R. 451 (2005)

In re PROTARGA, INC., f/k/a Neuromedica, Inc., Reorganized Debtor. Protarga, Inc., f/k/a Neuromedica, Inc., Plaintiff, v. Nigel L. Webb and Five Palms Corporation, Ltd., Defendants.

United States Bankruptcy Court, D. Delaware.

September 1, 2005.

Attorney(s) appearing for the Case

Raymond H. Lemisch, Adelman, Lavine, Gold and Levin, A Professional Corporation, Wilmington, DE, William R. Hinchman, Jennifer R. Hoover, Adelman, Lavine, Gold and Levin, A Professional Corporation, Philadelphia, PA, for Plaintiff.

Warren T. Pratt, Drinker, Biddle & Reath, LLP, Wilmington, DE, Alice W. Ballard, Law Office of Alice W. Ballard, Philadelphia, PA, for Defendants.

MEMORANDUM OPINION

PETER J. WALSH, Bankruptcy Judge.

This is the Court's ruling following a six-day trial on Protarga, Inc. f/k/a Neuromedica, Inc.'s ("Protarga") complaint objecting to Nigel L. Webb's ("Webb") proof of claim and asserting counterclaims.1 Webb's proof of claim is based on an employment contract. For the reasons set forth below, the Court finds in part for Protarga...

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