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IN RE BGI, INC.

Bankruptcy No. 11-10614. No. 13 Civ. 5754(SAS).

504 B.R. 754 (2014)

In re BGI, INC., f/k/a Borders Group, Inc., Debtor. Eric Beeman, Jane Freij, and Robert Traktman, Appellants, v. BGI Creditors' Liquidating Trust and Curtis R. Smith, in his capacity as the Liquidating Trustee, Appellees.

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

January 28, 2014.

Attorney(s) appearing for the Case

Clinton A. Krislov, Esq., Kenneth T. Goldstein, Esq., Krislov & Associates, Ltd., Chicago, IL, Jay Teitelbaum, Esq., Teitelbaum & Baskin, LLP, White Plains, NY, for Appellants.

Bruce Buechler, Esq., Bruce S. Nathan, Esq., Andrew Behlmann, Esq., Lowenstein Sandler LLP, New York, NY, for Appellees.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

I. INTRODUCTION

This dispute arises from the chapter 11 bankruptcy cases of Borders Group, Inc. and certain of its affiliates ("Borders").1 Eric Beeman, Jane Freij, and Robert Traktman ("Appellants"), holders of unused Borders gift cards, appeal from an order of bankruptcy judge Martin Glenn permitting a second interim...

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