Raine v. Allied Artists Pictures Corp. (In Re Allied Artists Pictures Corp.)

OPINION

MOTLEY, Senior District Judge.

Kenneth Raine, as Trustee of the “Hollywood Film Trust Agreement (February 1, 1954)” appeals from the order of Bankruptcy Judge Cornelius Blackshear dismissing his complaint against the debtor, Allied Artists Pictures Corporation, for failure to state a claim upon which relief can be granted. The basis for the bankruptcy judge’s decision, as expressed orally from the bench, was essentially that Raine’s cause of action had been mooted by events subsequent to the filing of the complaint. Upon full review of the record, and for the reasons that follow, the…