In Re YMB Magnex International, Inc.

Opinion

STEPHEN RASLAVICH, Bankruptcy Judge.

Introduction.

The above bankruptcy case was commenced as a case ancillary to a foreign proceeding under 11 U.S.C. § 304. Before the Court are four motions, all of which seek identical relief; to wit: modification of a litigation injunction entered at the inception of the ease pursuant to 11 U.S.C. § 304(b). 1 The relief sought is opposed in its entirety by the Representative from the foreign proceeding. Partial opposition is also raised by the Plaintiffs in a securities class action which is pending in the United States District Court for the Eastern…