Fishbach v. Simon (In Re Simon)

AMENDED MEMORANDUM OPINION AND ORDER

BARRY S. SCHERMER, Bankruptcy Judge.

The matters before the Court are cross motions for summary judgment under 11 U.S.C. § 523(a)(19) filed by the above-referenced Plaintiffs, Joseph Fishbach, Mae Fishbach, et al. (“Plaintiffs”) and Defendant-Debtor Elliot S. Simon (“Debtor”). For the reasons set forth below, the Court grants the Plaintiffs’ motion for summary judgment and denies the Debtor’s cross motion for summary judgment under 11 U.S.C. § 52S(a)(19). 1

FINDINGS OF FACT

The Plaintiffs are former investor clients of the Debtor. The Plaintiffs initiated an…