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IN RE DREIER LLP

Bankruptcy No. 08-15051 SMB. Adversary. No. 10-5458 SMB.

453 B.R. 499 (2011)

In re DREIER LLP, Debtor. Sheila M. Gowan, Chapter 11 Trustee of the Estate of Dreier LLP, Plaintiff, v. Wachovia Bank, N.A., and Wells Fargo Bank, N.A., in its Capacity as Successor-by-Merger to Wachovia Bank, N.A., Defendants.

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

August 3, 2011.

Attorney(s) appearing for the Case

Reed Smith LLP, Jordan W. Siev, Esq., Melissa Rubenstein, Esq., Han J. Ahn, Esq., Nicole O'Sullivan, Esq., of Counsel, Attorneys for Defendants, Wachovia Bank, N.A. and Wells Fargo Bank, N.A., New York, NY,.

Diamond McCarthy LLP, Howard D. Ressler, Esq., Stephen T. Loden, Esq., Laura Manion, Esq., of Counsel, Attorneys for Plaintiff, Sheila M. Gowan, Chapter 11 Trustee of the Estate of Dreier LLP, New York, NY,.

MEMORANDUM DECISION AND ORDER GRANTING MOTION TO DISMISS THE COMPLAINT WITH LEAVE TO REPLEAD

STUART M. BERNSTEIN, Bankruptcy Judge.

Over the course of three years, Wachovia Bank, N.A. ("Wachovia") made various loans or extended credit to the debtor, Dreier LLP, in exchange for security interests in Dreier LLP's property. Sheila M. Gowan, the chapter 11 trustee of the estate of Dreier LLP (the "Trustee"), filed this adversary proceeding to avoid those liens...

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