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IN RE WEDTECH SECURITIES LITIGATION

No. 86 B 12366 (HCB). M 21-46 (LBS). MDL 735.

161 B.R. 345 (1993)

In re WEDTECH SECURITIES LITIGATION. This Document Relates To In re WEDTECH CORP., f/k/a Welbilt Electronics Die Corp., Debtor. WEDTECH CORP., f/k/a Welbilt Electronics Die Corp., Plaintiff, v. R. Kent LONDON, M.D.; International Financial Consulting and Investment, Inc.; W. Franklyn Chinn and Financial Management International Inc., Defendants.

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

November 17, 1993.

Attorney(s) appearing for the Case

Gold & Wachtel, New York City, for plaintiff; John H. Reichman, of counsel.

Ropes & Gray, Washington, DC, for defendants Rusty Kent London, M.D. and International Financial Consulting and Investment, Inc.; Samuel J. Buffone and Thomas B. Smith, of counsel.

OPINION

SAND, District Judge.

CEPA Consulting Ltd. ("CEPA"), Trustee of the Wedtech Liquidating Trust, Successor in Interest to the Plaintiff, Wedtech Corp. ("Wedtech"), moves for partial summary judgment on its fraudulent conveyance and unjust enrichment claims. CEPA claims that certain payments Wedtech made to defendant Rusty Kent London for "consulting services" were fraudulent. It moves to set aside the following payments:

(1) $99,999...

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