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IN RE BANK OF NEW ENGLAND CORP.

Civil Action No. 06-10941-GAO.

360 B.R. 1 (2007)

In re BANK OF NEW ENGLAND CORPORATION.

United States District Court, D. Massachusetts.

February 6, 2007.

Attorney(s) appearing for the Case

Alison L. Macgregor, Sarah L. Reid, William A. Escobar, Kelley, Drye & Warren, Dianne F. Coffino, Dewey Ballantine, Daniel Zinman, Kawowitz, Benson, Torres & Friedman LLP, New York, NY, Douglas B. Rosner, Goulston & Storrs, PC, Boston, MA, Steven Weiss, Shatz, Schwartz & Fentin PC, Springfield, MA, Katherine Constantine, Marne K. Mitskog, Patrick J. McLaughlin, Todd C. Pearson, Dorsey & Whitney LLP, Minneapolis, MN, for Plaintiffs.

Charles P. Normandin, Ropes & Gray LLP, David T. Anderson, Dennis J. Kelly, Burns & Levinson, Boston, MA, Christopher E. Palmer, Shea & Gardner, Washington, DC, Robin Russell, Andrews & Kurth, L.L.P., Houston, TX, for Defendants.

MEMORANDUM AND ORDER

O'TOOLE, District Judge.

I. Introduction and Procedural History

In 1991, the Bank of New England Corporation ("BNEC") filed a petition for relief under Chapter 7 of the Bankruptcy Code, 11 U.S.C. §§ 101 et seq. Dr. Ben S. Branch serves as Chapter 7 Trustee of the BNEC bankruptcy estate. On May 23, 2001, he filed with the bankruptcy court a motion for an order authorizing a fourth interim distribution...

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