IN RE PLASSEIN INTERN. CORP.

Bankruptcy No. 03-14489-KG. Adversary No. 05-50692-KG. Civil Action No. 07-345-JJF.

388 B.R. 46 (2008)

In re PLASSEIN INTERNATIONAL CORP., 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., Appellant, v. B.A. Capital Company LP, et al., Appellees.

United States District Court, D. Delaware.

May 15, 2008.


Attorney(s) appearing for the Case

Charles R. Bennett, Jr., Esquire of Hanify & King, Boston, MA, Christopher P. Simon, Esquire and Amy Evans, Esquire of Cross & Simon, LLC, Wilmington, DE, for Appellant.

Karen E. Wagner, Esquire and Elliot Moskowitz, Esquire of Davis Polk & Wardell, New York, NY, Robert J. Stearn, Jr., Esquire and Lee E. Kaufman, Esquire of Richards, Layton & Finger, P.A., Wilmington, DE, for Appellee, B.A. Capital Company LP.

William P. Bowden, Esquire; Richard Palacio, Esquire and Andrew D. Cordo, Esquire of Ashby & Geddes, Wilmington, DE, for Appellee Sam Chebeir, Charles J. Warr, Paul D. Gage, Stephen S. Wilson, G. Kenneth Pope, Jr., Kenneth Olender and Daniel A. Jones III.

Richard A. Johnston, Esquire; Mark C. Fleming, Esquire and Jeffrey Gleason, Esquire of Wilmer Cutler Pickering Hale and Dorr, LLP, Boston, MA, Laurie Selber Silverstein, Esquire and Gabriel R. Mac-Conaill, Esquire of Potter Anderson & Corroon LLP, Wilmington, DE, for Appellees, Key Packaging Shareholders.

James A. Sarna, Esquire of Sarna & Associates, PC, Nyack, NY, Laurie S. Polleck, Esquire of Jaspan Schlesinger Hoffman LLP, Wilmington, DE, for Appellees, The Marshall Plastic Film Defendants.


MEMORANDUM OPINION

FARNAN, District Judge.

Pending before the Court is an appeal from the April 20, 2007 Order of the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") dismissing the underlying adversary appeal filed by the Chapter 7 Trustee, William Brandt (the "Trustee"), against Appellees here, the selling shareholders, seeking to avoid the transfers made to Appellees as alleged fraudulent conveyances pursuant...

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