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IN RE READING BROADCASTING, INC.

Bankruptcy No. 05-26563bif. Adversary No. 06-0643.

390 B.R. 532 (2008)

In re READING BROADCASTING, INC., Debtor. George L. Miller, trustee, Plaintiff, v. Michael L. Parker, Sr.; Partel, Inc.; Irvin Cohen; Robert E. Reith; Jack A. Linton; George A. Mattmiller; Leonard B. Stevens; Sot, Inc.; Swob, Inc.; Bernard R. Gerber; Helene Associates, L.P.; Roger N. Longenecker; and Estate of Robert H. Clymer, Defendants.

United States Bankruptcy Court, E.D. Pennsylvania.

May 12, 2008.

MEMORANDUM

BRUCE FOX, Bankruptcy Judge.

The chapter 11 trustee, George L. Miller, commenced an adversary proceeding by filing an amended complaint consisting of 345 paragraphs, asserting 19 counts against 13 defendants, and seeking in excess of $20 million in damages. As will be discussed, the trustee alleges that these defendants participated in, or were the beneficiaries of, improper actions by the directors of...

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