IN RE IDI CONST. CO., INC.

No. 04-17881(PCB).

345 B.R. 60 (2006)

In re IDI CONSTRUCTION COMPANY, INC., Debtor.

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

May 31, 2006.


Attorney(s) appearing for the Case

Marilyn Simon & Associates, Marilyn Simon, Esq. Of Counsel, New York, NY, for Debtor.

Platzer, Swergold, Karlin, Levine, Goldberg & Jaslow, LLP, Sherri D. Lydell, Esq., Scott K. Levine, Esq., Of Counsel, New York, NY, for Official Committee of Unsecured Creditors.

Arent Fox PLLC, Schuyler G. Carroll, Esq., Robert M. Hirsch, Esq. Of Counsel, New York, NY, for Broadway Houston Mack Development LLC.

Mazur Carp & Rubin, PC, Gary L. Rubin, Esq. Of Counsel, New York, NY, for American Interiors, Inc.

DLA Piper Rudnick Gray Cary LLP, Thomas Califano, Esq. Of Counsel, New York, NY, for Seele, LP.

Tedd Blecher, Esq., New York, NY, for Matros Automated Electrical Construction Corp.


MEMORANDUM DECISION OVERRULING OBJECTIONS TO DESIGNATION OF CHAPTER 11 FUNDS AS PART OF DEBTOR'S ESTATE

STUART M. BERNSTEIN, Chief Judge.

IDI Construction Company, Inc. (the "Debtor" or "IDI") was a general contracting and construction management company that formerly operated in the New York metropolitan area. Its principals, Ted Kohl ("Kohl") and James Stumpf ("Stumpf"), diverted substantial amounts of the debtor's funds to themselves, ultimately...

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