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IN RE HERITAGE HIGHGATE, INC.

Civil No. 10-2837 (JBS). No. 09-11198/GMB.

449 B.R. 451 (2011)

In the Matter of HERITAGE HIGHGATE, INC., Debtor. John Yaissle and Cornerstone Investors, et al., Appellants, v. Unsecured Creditors Committee, Appellee.

United States District Court, D. New Jersey.

March 16, 2011.

Attorney(s) appearing for the Case

Joseph S. D'Amico, Jr., Esq. , Douglas J. Smillie, Esq. , Fitzpatrick Lentz & Bubba, P.C., Center Valley, PA, for Appellants.

Joshua T. Klein, Esq. , Michael J. Viscount, Jr., Esq. , Fox, Rothschild LLP, Philadelphia, PA, for Appellee.

OPINION

SIMANDLE, District Judge.

I. INTRODUCTION

This matter is before the Court on the appeal of John Yassile and the Cornerstone Investors (the "Cornerstone Investors" or "Appellants") of the May 6, 2010 Order of the Bankruptcy Court for the District of New Jersey, which granted the motion of the Official Committee of Unsecured Creditors ("Committee" or "Appellee") to determine the value of the Cornerstone Investors' secured claims at...

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