In Re Griffin Trading Co.

MEMORANDUM OPINION

ERWIN I. KATZ, Bankruptcy Judge.

This matter comes before the Court on the motion of the Trustee (the “Trustee”) of the Estate of Griffin Trading Company (“Griffin”), a bankrupt commodities broker incorporated under Delaware law. Griffin’s principal place of business was in Chicago, Illinois, but Griffin also had an established branch in London, England.

Because there is a shortfall in certain of Griffin’s customers’ accounts, the Trustee seeks authority to use all estate assets to pay the claims of Griffin’s customers (the “Customer Claims”) in full, in priority to all other…