Harrison v. New Jersey Community Bank (In re Jesup & Lamont, Inc.)
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
Chapter 11
MEMORANDUM DECISION
ALLAN L. GROPPER, UNITED STATES BANKRUPTCY JUDGE
Introduction
Debtor Jesup & Lamont, Inc. (“JLI”) filed a voluntary chapter 11 bankruptcy petition on July 30, 2010. About seven weeks later, on September 24, 2010, its wholly owned broker-dealer subsidiary, Jesup & Lamont Securities Corp. (“JLSC”), also filed under chapter 11. The two cases were jointly administered and the Court approved a Chapter 11 Plan of Liquidation (the “Plan”) on October 6, 2011. By virtue of provisions in the Plan, Matthew Harrison was appointed “Confirmation Trustee” of the “Jesup Liquidating…
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