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IN RE A.J. LANE & CO., INC.

Civ. A. No. 92-40093-NMG.

171 B.R. 1 (1994)

In re A.J. LANE & CO., INC., Lane Homes, Inc., Fountainhead Associates of Westborough, Andrew J. Lane, Debtors-in-possession. Peter H. McCALLION, Frank Loomis, Gregory O'Neill, William Fowler, and Richard DeLorenzo, Appellants, v. Andrew J. LANE, Appellee.

United States District Court, D. Massachusetts.

August 11, 1994.

Attorney(s) appearing for the Case

Peter H. McCallion, Garrison, NY, for appellants.

Charles R. Dougherty, Hill & Barlow, Boston, MA, for appellee/debtor.

MEMORANDUM AND ORDER

GORTON, District Judge.

Pending before this Court is the appeal of Plaintiffs/Appellants ("Appellants") from the findings and final judgment of the United States Bankruptcy Court, District of Massachusetts entered on April 29, 1992.

I. FACTUAL AND PROCEDURAL BACKGROUND

In July 1987, Appellants incorporated Indian Hill Associates Inc. ("Indian Hill"), becoming its sole...

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