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IN RE O.P.M. LEASING SERVICES, INC.

Reorganization No. 81 B 10533 (BRL), Adv. 82-5679A (BRL).

30 B.R. 642 (1983)

In re O.P.M. LEASING SERVICES, INC., Debtor. James P. HASSETT, as Trustee of O.P.M. Leasing Services, Inc., Plaintiff, v. SPRAGUE ELECTRIC CO., Defendant.

United States Bankruptcy Court, S.D. New York.

June 6, 1983.

Attorney(s) appearing for the Case

Zalkin, Rodin & Goodman, as Trustee of O.P.M. Leasing Services, Inc., New York City, for James P. Hassett.

Milgrim, Thomajan, Jacobs & Lee, Sprague Electric Co., New York City, for defendant Sprague Elec. Co.

DECISION ON TRUSTEE'S MOTION AND SPRAGUE'S CROSSMOTION FOR SUMMARY JUDGMENT

BURTON R. LIFLAND, Bankruptcy Judge.

The instant litigation pits the reorganization Bankruptcy Trustee ("the Trustee") of O.P.M. Leasing Services, Inc. ("OPM") against one of OPM's customers. OPM, an acronym for Other People's Money, was the vehicle for one of the largest frauds in history. For further background information detailing the complexity, ingenuity, economic imperatives...

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