Bicoastal Corp. v. Northern Trust Co. (In Re Bicoastal Corp.)

ORDER GRANTING PLAINTIFF’S MOTION FOR JUDGMENT ON THE PLEADINGS OR FOR SUMMARY JUDGMENT

ALEXANDER L. PASKAY, Chief Judge.

THIS IS a yet-to-be-confirmed Chapter 11 case, and the matter under consideration is an adversary proceeding filed by Bicoastal Corporation (Debtor) against the Northern Trust Company, as Trustee of The Singer Company Master Trust (Northern). In its one-count Complaint, the Debtor seeks both preliminary and permanent injunctive relief, in essence a mandatory injunction ordering Northern to transfer certain assets of The Singer Company Master Trust Plan to Loral Corporation…