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IN RE J & J RECORD DISTRIBUTING CORP.

Bankruptcy No. 80-03255K, Adv. No. 87-0706S.

80 B.R. 53 (1987)

In re J & J RECORD DISTRIBUTING CORPORATION (Substantively Consolidated With Record Museum, Inc., a Pennsylvania Corporation; Record Museum, Inc., a Delaware Corporation; and Record Museum, Inc., a New Jersey Corp.) Debtor. John P. JUDGE, Trustee, Plaintiff, v. PINCUS, VERLIN, HAHN & REICH, P.C., Defendant.

United States Bankruptcy Court, E.D. Pennsylvania.

November 25, 1987.

Attorney(s) appearing for the Case

Edward J. DiDonato, Philadelphia, Pa., for plaintiff/trustee.

Allen B. Dubroff, Philadelphia, Pa., for defendant.

John P. Judge, Philadelphia, Pa., Trustee.

OPINION

DAVID A. SCHOLL, Bankruptcy Judge.

The instant proceeding presents an issue which our research indicates has rarely been addressed by other bankruptcy courts: does a law firm representing a Chapter 11 debtor-in-possession (hereinafter referred to as "DIP") have a duty to invest funds held by it in an interest-bearing account, such that the firm will be liable for interest which could have been received when it fails to do so? We hold that the answer...

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