Committee of Unsecured Creditors v. RG Financial, Ltd. (In Re Powerburst Corp.)

MEMORANDUM OPINION

RICHARD T. FORD, Bankruptcy Judge.

INTRODUCTION

On January 19, 1993, the Committee of Unsecured Creditors, (“COMMITTEE”) moved to sever and sought summary judgment on the First, Third, and Eighth claims in this adversary proceeding. After considering the evidence before the Court, argument of counsel, and ruling on the eviden-tiary objections after considering the Defendants’ Response, summary judgment is appropriate as to the Third and Eighth Claims. The granting of summary judgment as to the Third and Eighth Claims renders determination of the First Claim moot and therefore…