MEMORANDUM AND ORDER ON APPEAL FROM THE BANKRUPTCY COURT'S DENIAL OF DEFENDANTS' MOTIONS TO DISMISS
STEARNS, District Judge.
In this bankruptcy appeal, appellants Joint Stock Company, also known as Saint Petersburg Investments Company (SPIC), and Tavrichesky Commercial Bank of Saint Petersburg (Tavrichesky), seek to reverse the Bankruptcy Court's denial of their motions to dismiss adversary proceedings. The court heard oral argument on August 9, 2011.
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