IN RE ROBOTIC VISION SYSTEMS, INC.

Bankruptcy Nos. 04-14151-JMD, 04-14152-JMD, Adversary No. 06-1423-JMD.

374 B.R. 36 (2007)

2007 BNH 031

In re ROBOTIC VISION SYSTEMS, INC., and Auto Image ID, Inc., Debtors. Steven M. Notinger, Chapter 7 Trustee, Plaintiff, v. Pasquale Costa, Frank DiPietro, Jay M. Haft, Jonathan Howe, Mark J. Lerner, Howard Stern, and Robert H. Walker, Defendants.

United States Bankruptcy Court, D. New Hampshire.

August 30, 2007.


Attorney(s) appearing for the Case

James W. Donchess, Esq., Deborah A. Notinger, Esq., Donchess & Notinger, P.C. Nashua, NH, Thomas M. Greene, Esq., Michael Tabb, Esq., Greene & Hoffman, P.C., Boston, MA, Attorneys for Plaintiff.

Thomas J. Pappas, Esq., Wiggin & Nourie, P.A., Manchester, NH, Charles A. Dale III, Esq., Daniel J. Kelly, Esq., David Himelfarb, Esq., McCarter & English, LLP, Boston, MA, Attorneys for Pasquale Costa, Frank DiPietro, Howard Stern, and Robert H. Walker.

Michael J. Connolly, Esq., Daniel M. Deschenes, Esq., Hinckley Allen Snyder, LLP, Concord, NH, Lawrence S. Hirsh, Esq., William C. Baton, Esq., LeBoeuf, Lamb, Greene & MacRae LLP, New York, NY, Attorneys for Jay M. Haft.

John M. Sullivan, Esq., Joshua E. Menard, Esq., Preti Flaherty Beliveau & Pachios LLP, Concord, NH, Edward J. Fuhr, Esq., Terence J. Rasmussen, Esq., Hunton & Williams LLP, Richmond, VA, Attorneys for Jonathan Howe.


MEMORANDUM OPINION

J. MICHAEL DEASY, Bankruptcy Judge.

I. INTRODUCTION

Steven M. Notinger, as chapter 7 trustee (the "Trustee") of Robotic Vision Systems, Inc. (the "Debtor" or "RVSI"), filed a twenty-three count complaint against seven former directors of the Debtor seeking, among other relief, to recover for breach of fiduciary duty to RVSI and its creditors and objecting to the directors' proofs of claims. The defendants, with...

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