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IN RE 400 WALNUT ASSOCIATES, L.P.

Bankruptcy No. 10-16094. Adversary No. 10-456.

506 B.R. 645 (2014)

In re 400 WALNUT ASSOCIATES, L.P., Debtor. 400 Walnut Associates, L.P., and John Turchi, Plaintiffs v. 4th Walnut Associates L.P., et al., Defendant(s).

United States Bankruptcy Court, E.D. Pennsylvania.

Signed March 12, 2014.

Attorney(s) appearing for the Case

Steven M. Coren, Esquire, David Dormont, Esquire, Kaufman, Coren & Ress, P.C., Philadelphia, PA, Aris J. Karalis, Esquire, Maschmeyer Karalis P.C., Philadelphia, PA, for Plaintiffs.

Henry F. Reichner, Esquire, Reed Smith LLP, Philadelphia, PA, for Santander Bank.

Grant Phelan, Esquire, Brian R. Fitzgerald, Esquire, Klehr Harrison Harvey, Branzburg LLP, Philadelphia, PA, United States Trustee, Office of the U.S. Trustee, Philadelphia, PA, for 4th Walnut, et al.

United States Trustee, Office of the U.S. Trustee, Philadelphia, PA.

OPINION

STEPHEN RASLAVICH, Bankruptcy Judge.

Introduction

Before the Court are two separate Motions to Dismiss the Plaintiffs' Amended Complaint. The first motion is filed by 4th Walnut Associates, L.P., Ivy Realty LII, LLC and Ivy Realty Services, LLC (herein sometimes collectively referred to as "4th Walnut"). The second motion is filed by Sovereign Bank ("Bank"). Each movant seeks dismissal of the specific counts directed against them...

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