Baldwin-United Corp. v. Adams (In Re Baldwin-United Corp.)

RANDALL J. NEWSOME, Bankruptcy Judge.

These Chapter 11 adversary proceedings are before the Court pursuant to motions for summary judgment filed by plaintiffs Baldwin-United Corporation and D.H. Baldwin Company against all defendants in both of the above-captioned adversary proceedings. Plaintiffs’ complaints and motions seek subordination of defendants’ securities rescission and loss claims under 11 U.S.C. § 510(b) of the Bankruptcy Code of 1978. Plaintiffs assert that § 510(b) requires subordination of defendants’ claims below the current holders of each respective security.

Numerous…