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IN RE IRVING TANNING COMPANY

Case No. 10-11757, Adv. Proc. No. 12-1024.

In re: IRVING TANNING COMPANY et al., Chapter 11 Debtors. DEVELOPMENT SPECIALISTS, INC., Plaintiff v. MICHAEL W. KAPLAN et al., Defendants/Third party Plaintiffs v. MERITURN PARTNERS, LLC. et al., Third Party Defendants

United States Bankruptcy Court, D. Maine.

July 8, 2013.

ORDER GRANTING MOTION TO DISMISS

LOUIS H. KORNREICH, Bankruptcy Judge.

Irving Tanning and five affiliated companies filed chapter 11 bankruptcy in late 2010. All assets of the company were sold and a liquidating trust was created through a confirmed plan of reorganization. The liquidating trustee ("Trustee") brought a leveraged buyout (LBO) complaint against the former shareholders of one of the debtors, Prime Tanning Co., Inc., alleging that the sale of...

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