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IN RE PLASSEIN INTERN. CORP.

Bankruptcy No. 03-11489(KG). Adversary No. A 05-50692(KG).

366 B.R. 318 (2007)

In re PLASSEIN INTERNATIONAL CORPORATION, et. al., (n/k/a PL Liquidation Corp.), Debtors. William Brandt, as he is the Trustee of the Estates of Plassein International Corp., et al., Plaintiff, v. B.A. Capital Company LP, et al., Defendants.

United States Bankruptcy Court, D. Delaware.

April 20, 2007.

Attorney(s) appearing for the Case

Amy Elizabeth Evans, Cross & Simon LLC, Wilmington, DE, for Plaintiff.

Frederick B. Rosner, Laurie S. Polleck, Jaspan Schlesinger Hoffman, Michael Joseph Merchant, Robert J. Steam Jr., Richards Layton & Finger, P.A., Laurie Selber Silverstein, Rebecca B este, Potter Anderson & Corroon LLP, Wilmington, DE, for Defendants.

OPINION1

KEVIN GROSS, Bankruptcy Judge.

INTRODUCTION

In January and August, 2000, Plassein International Corporation ("Plassein" or "Debtors") acquired five privately held corporations by purchasing the shares of the companies' respective shareholders. The Chapter 7 trustee, William Brandt ("the Trustee") has brought suit against the selling shareholders who are named defendants ("the Shareholders...

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