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IN RE AIRLIFT INTERN., INC.

Bankruptcy No. 81-00846-BKC-SMW, Adv. No. 87-0322-BKC-SMW-A.

80 B.R. 238 (1987)

In re AIRLIFT INTERNATIONAL, INC., Debtor. William D. SEIDLE, as Trustee for the Estate of Airlift International, Inc., Plaintiff, v. John Knevett SPICER, an Underwriter at Lloyd's, London, etc., Defendant.

United States Bankruptcy Court, S.D. Florida.

December 1, 1987.

Attorney(s) appearing for the Case

Bruce J. Berman, P.A., Weil, Gotshal & Manges, Miami, Fla., for plaintiff.

Arthur Brown, Jr., McDonald & McDonald, Miami, Fla., for defendant.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

SIDNEY M. WEAVER, Bankruptcy Judge.

THIS CAUSE came on before the Court on October 27, 1987 for trial on the issue of damages, upon the Complaint of William D. Seidle, trustee for the Estate of AIRLIFT INTERNATIONAL, INC. ("Airlift"), as an adversary proceeding against John Knevett Spicer (the "defendant") pursuant to Bankruptcy Rule 7001(1) for recovery of compensatory damages for proceeds payable under a policy of...

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