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IN RE JESUP & LAMONT, INC.

Case No. 10 B 14133 (AJG) (Confirmed Cases), Adv. Pro. No. 12-01169 (ALG).

In re: JESUP & LAMONT, INC. and JESUP & LAMONT SECURITIES CORPORATION, Chapter 11, Debtors. MATTHEW C. HARRISON, JR., CONFIRMATION TRUSTEE OF THE JESUP LIQUIDATING TRUST, Plaintiff, v. STEPHEN RABINOVICI and ALAN WEICHSELBAUM, Defendants.

United States Bankruptcy Court, S.D. New York.

September 4, 2012.

Attorney(s) appearing for the Case

Stuart M. Riback, Esq. , Eric J. Snyder, Esq. , Zack H. Gross, Esq. , WILK AUSLANDER LLP, New York, New York, Counsel for Plaintiff.

Robert C. Boneberg, Esq. , David M. Banker, Esq. , LOWENSTEIN SANDLER PC, New York, New York, Counsel for the Defendants.

MEMORANDUM DECISION DENYING MOTION TO DISMISS ADVERSARY PROCEEDING

ALLAN L. GROPPER, Bankruptcy Judge.

Jesup & Lamont, Inc ("J&L") and Jesup & Lamont Securities Corporation ("JLSC," and together with J&L, the "Debtors"), filed petitions pursuant to chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") on July 30, 2010 and September 24, 2010, respectively. On October 21, 2010, an Official Committee of Unsecured Creditors...

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