IN RE HECHINGER INV. CO. OF DEL.

Bankruptcy No. 99-02261(PJW), Bankruptcy No. 99-02262(PJW), Bankruptcy No. 99-02263(PJW), Bankruptcy No. 99-02264(PJW), Bankruptcy No. 99-02265(PJW), Bankruptcy No. 99-02266(PJW), Bankruptcy No. 99-02267(PJW), Bankruptcy No. 99-02268(PJW), Bankruptcy No. 99-02269(PJW), Bankruptcy No. 99-02270(PJW), Bankruptcy No. 99-02271(PJW), Bankruptcy No. 99-02272(PJW), Bankruptcy No. 99-02273(PJW), Bankruptcy No. 99-02274(PJW), Bankruptcy No. 99-02275(PJW), Bankruptcy No. 99-02276(PJW), Bankruptcy No. 99-02277(PJW), Bankruptcy No. 99-02278(PJW), Bankruptcy No. 99-02279(PJW), Bankruptcy No. 99-02280(PJW), Bankruptcy No. 99-02281(PJW), Bankruptcy No. 99-02282(PJW), Bankruptcy No. 99-002283(PJW), No. CIV. 00-840-SLR.

327 B.R. 537 (2005)

In re HECHINGER INVESTMENT COMPANY OF DELAWARE, et al., Debtors. The Liquidation Trust of Hechinger Investment Company of Delaware, Inc., Plaintiff, v. Fleet Retail Finance Group, et al., Defendants.

United States District Court, D. Delaware.

July 19, 2005.


Attorney(s) appearing for the Case

Michael Bonkowski, Esquire and Mark Minuti, Esquire of Saul Ewing LLP, Wilmington, Delaware, Of Counsel: David M. Friedman, Esquire, David E. Ross, Esquire, Howard W. Schub, Esquire, Andrew K. Glenn, Esquire, Ian D. Katz, Esquire and Marvin C. Peguese, Esquire of Kasowitz, Benson, Torres & Friedman LLP, New York, New York, Counsel for Plaintiff.

John L. Reed, Esquire, Matt Neiderman, Esquire, Duane Morris LLP, Wilmington, Delaware, Of Counsel: Richard W. Clary, Esquire and Elizabeth Grayer, Esquire of Cravath, Swaine & Moore LLP, New York, New York, Counsel for Defendant Chase.

Kenneth J. Nachbar, Esquire, Morris Nichols Arsht & Tunnell, Wilmington Delaware, Of Counsel: Gibson, Dunn & Crutcher LLP, New York, New York, Counsel for Individual Defendants.

Regina A. Torii, Esquire, Ashby & Geddes, Wilmington, Delaware, Of Counsel: Tony Castanares, Esquire, Stephan M. Ray, Esquire, Pamala J. King, Esquire, Gina M. Najolia, Esquire of Stutman, Treister & Glatt, Los Angeles, California, Counsel for Defendant Leonard Green & Partners L.P.

Stephen M. Miller, Esquire, Carl N. Kunz, III, Esquire, Morris, James, Hitchens & Williams LLP, Wilmington, Delaware, Teresa K.D. Currier, Esquire, Peter J. Duhig, Esquire, Klett, Rooney, Lieber & Schorling, P.C., Wilmington, Delaware, Counsel for Defendant Fleet Retail and General Electric Capital Corporation.


MEMORANDUM OPINION

SUE L. ROBINSON, Chief Judge.

I. INTRODUCTION

This case is an adversary proceeding initiated in connection with the bankruptcy petition filed in June 1999 by Hechinger Company and its affiliates ("Hechinger") under Chapter 11 of the Bankruptcy Code. The court has jurisdiction to hear the matter pursuant to 28 U.S.C. § 1334(b).

Pending before the court are motions for summary judgment filed at the close...

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