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IN RE NC12, INC.

Bankruptcy No. 11-38794. Adversary No. 11-3634.

478 B.R. 820 (2012)

In re NC12, INC., Debtor(s). Michael Collins, et al., Plaintiff(s), v. Sydow, et al., Defendant(s).

United States Bankruptcy Court, S.D. Texas, Houston Division.

August 28, 2012.

Attorney(s) appearing for the Case

Brent C. Perry, Clyde Jay Jackson, III, Randall O. Sorrels, Abraham Watkins, et al., Houston, TX, for Plaintiff.

Amir Alavi, Todd William Mensing, Ahmad, Zavitsanos, Anaipakos, Alavi & Me, Houston, TX, Asher Benjamin Griffin, Christopher Sileo, Scott, Douglas & McConnico, LLP, Austin, TX, for Defendant.

MEMORANDUM OPINION

MARVIN ISGUR, Bankruptcy Judge.

The Plaintiffs and Intervenors assert claims against former officers and directors of NC12, the debtor in the underlying bankruptcy case. NC12 was a technology company engaged in developing catalytic gasification processes. Plaintiffs and Intervenors allege that the Defendants stripped NC12 of assets, misappropriated corporate assets, engaged in self-dealing, and improperly removed other directors...

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