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IN RE PINTLAR CORP.

Bankruptcy Nos. 93-02986, 93-02987. Adv. No. 94-6291.

180 B.R. 594 (1995)

In re PINTLAR CORPORATION and Gulf USA Corporation, Debtors. PINTLAR CORPORATION and Gulf USA Corporation, Plaintiffs, v. The FIDELITY AND CASUALTY COMPANY OF NEW YORK, The Continental Insurance Company, Cigna Insurance Company, National Union Fire Insurance Company of Pittsburgh, Pa., David J. Rowland, Jeremy E. James, David L. Hudd, Derek J. Moran, Robert G. Boulton, Seymour Graubard, Hans W. Wanders, Graham F. Lacey, F. Aley Allan, Warren C. Haber, David Kirch, Lawrence R. Mehl, John W. Herring, and Anthony Walters, Defendants.

United States Bankruptcy Court, D. Idaho.

March 24, 1995.

Attorney(s) appearing for the Case

John Friedman, Jr., Dewey Ballantine, New York City, for plaintiffs Pintlar Corp. and Gulf USA Corp.

Peter C. Erbland, Paine, Hamblen, Coffin, Brook & Miller, Coeur d'Alene, ID, and Michael S. Wakefield, Arnall, Golden & Gregory, Atlanta, GA, for defendant Cigna Ins. Co.

Robert J. Fasnacht, Wetzel & Fasnacht, Coeur d'Alene, ID, and Sherri Tappert, Arter & Hadden, Los Angeles, CA, for defendant Fidelity and Cas. Co. of New York.

MEMORANDUM OF DECISION

ALFRED C. HAGAN, Bankruptcy Judge.

Cigna Insurance Company moves to dismiss the debtors' complaint for lack of subject matter jurisdiction.

BACKGROUND

In January of 1994, Gulf USA Corporation ("Gulf") brought an adversary proceeding against certain of their officers and directors for breach of fiduciary duty, corporate waste, and preferential and fraudulent transfers. See Gulf USA Corporation v. David J...

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