In Re Cumberland Farms, Inc.

OPINION

JAMES F. QUEENAN, Jr., Chief Judge.

On December 7, 1992, Central National Bank, Canajoharie (the “Bank”) recovered judgment of $2,471,097.53 against George Haseotes (“Haseotes”) in New York state court. Haseotes owns 25% of the issued and outstanding shares of Class A (voting) and Class B (nonvoting) common stock of the debtor, Cumberland Farms, Inc. (the “Debt- or”). The Bank thereafter sued Haseotes in Massachusetts state court seeking to reach and apply his shares in payment of the judgment. It is seeking an order from the Massachusetts court requiring a public auction of the…