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IN RE WINSTAR COMMUNICATIONS, INC.

Bankruptcy No. 01-1430. Adversary No. 05-50586.

335 B.R. 556 (2005)

In re WINSTAR COMMUNICATIONS, INC., et al., Debtors. Christine C. Shubert, as Chapter 7 Trustee of the Debtors' Estates, Plaintiff, v. Wellspring Media, Inc., f/k/a Regulus International Capital Co., Inc. a Delaware corporation, Defendant.

United States Bankruptcy Court, D. Delaware.

November 30, 2005.

Attorney(s) appearing for the Case

M. Blake Cleary, Edwin J. Harron, Edward J. Kosmowski, Pauline K. Morgan, Brendan Linehan Shannon, Young, Conaway, Stargatt & Taylor, LLP, William K. Harrington, Michael R. Lastowski, Duane Morris LLP, Sheldon K. Rennie, Fox Rothschild LLP, Christopher A. Ward, The Bayard Firm, Wilmington, DE, Michael G. Menkowitz, Fox, Rothschild, O'Brien & Frankel, Philadelphia, PA, for Debtor Winstar Communications, Inc.

MEMORANDUM OF OPINION AND ORDER

RANDOLPH BAXTER, Bankruptcy Judge.

Before the Court is Defendant Wellspring Media, Inc.'s ("Wellspring") Motion to Dismiss or Stay Adversary Proceeding or, in the Alternative, for a Partial Dismissal of the Amended Complaint ("Wellspring's Motion").

The Court acquires core matter jurisdiction over this matter pursuant to 28 U.S.C. §§ 157(a), (b) and 1334(b). Upon a duly noticed hearing, the following...

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