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IN RE SALANDER-O'REILLY GALLERIES, LLC

Case No. 07-30005 (CGM) Adversary No. 13-09004.

506 B.R. 600 (2014)

IN RE: SALANDER-O'REILLY GALLERIES, LLC, Debtor. Alan M. Jacobs, as Liquidation Trustee of the SOG Liquidation Trust, Plaintiff v. Kraken Investments Limited, Defendant.

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

Signed March 21, 2014.

Attorney(s) appearing for the Case

Pachulski Stang Ziehl & Jones By: Robert J. Feinstein, Esq., John A. Morris, Esq., Ilan D. Scharf, Esq., 780 Third Avenue, 36th Floor, New York, NY 10017, Attorneys for Alan M. Jacobs, as Liquidation Trustee of the SOG Liquidation Trust.

Faust Oppenheim LLP By: David I. Faust, Esq., Petra v.Z. Davenport, Esq., 488 Madison Avenue, 17th Floor, New York, NY 10022, Attorneys for Kraken Investments Limited.

Chapter 11

MEMORANDUM DECISION DENYING CROSS-MOTIONS FOR SUMMARY JUDGMENT

CECELIA G. MORRIS, CHIEF U.S. BANKRUPTCY JUDGE.

Before the Court are cross-motions for summary judgment in this proceeding to determine the validity, extent and priority of interests asserted in the painting Madonna and Child by Sandro Botticelli (the "Botticelli"). At this juncture, the sole issues before the Court are (i...

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