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IN RE 80 NASSAU ASSOCIATES

Bankruptcy Nos. 94 B 40792 (SMB) to 94 B 40796 (SMB). Adv. No. 94-8323A.

169 B.R. 832 (1994)

In re 80 NASSAU ASSOCIATES, 300 Gold Associates, 27-29 Thames Associates, Thames Realty Co., 41-43 John Associates, Debtors. 80 NASSAU ASSOCIATES, 300 Gold Associates, 27-29 Thames Associates, Thames Realty Co., 41-43 John Associates, Plaintiffs, v. CROSSLAND FEDERAL SAVINGS BANK, Defendant.

United States Bankruptcy Court, S.D.N.Y.

July 19, 1994.

Attorney(s) appearing for the Case

Robinson Brog Leinwand Reich Genovese & Gluck, P.C. (Robert R. Leinwand, of counsel), New York City, for plaintiffs.

Herrick, Feinstein (Andrew C. Gold, of counsel), New York City, for defendant.

MEMORANDUM DECISION AND ORDER DISMISSING THE COMPLAINT WITH LEAVE TO REPLEAD CERTAIN CLAIMS

STUART M. BERNSTEIN, Bankruptcy Judge.

In this adversary proceeding, the Debtors seek to subordinate the secured claim of the defendant, Crossland Federal Savings Bank ("Crossland"), to the claims of all other creditors,1 and to transfer Crossland's mortgage to the Debtors' estates. According to the complaint, Crossland engaged...

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