IN RE AMERICAN BUSINESS FINANCIAL SERVICES, INC.

Bankruptcy No. 05-10203. Adversary No. 06-50826.

457 B.R. 314 (2011)

In re AMERICAN BUSINESS FINANCIAL SERVICES, INC., et al., Debtors. George L. Miller, Trustee, Plaintiff, v. Greenwich Capital Financial Products, Inc., Ocwen Loan Servicing, LLC, Wells Fargo Bank, N.A., Law Debenture Trust Company of New York, The Berkshire Group, LP, Michael W. Trickey, Defendants.

United States Bankruptcy Court, D. Delaware.

July 28, 2011.


Attorney(s) appearing for the Case

Chad T. Toms, Esquire , Whiteford, Taylor & Preston LLC, Wilmington, DE, Michael LiPuma, Esquire , Law Offices of Michael LiPuma, Philadelphia, PA, for The Berkshire Group LP and Michael W. Trickey.

Bruce Grohsgal, Esquire , Laura Davis Jones, Esquire , Pachulski, Stang, Ziehl & Jones, Wilmington, DE, R. Alexander Pilmer, Esquire, David L. Horowitz, Esquire , Alyssa A. Wade, Esquire , Kirkland & Ellis LLP, Los Angeles, CA, for Greenwich Capital Financial Products, Inc.

Derek C. Abbott, Esquire , Curtis S. Miller, Esquire , John A. Sensing, Esquire , Thomas F. Driscoll, III, Esquire , Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE, Joel M. Miller, Esquire , Adam J. Safer, Esquire , Jeremy Sher, Esquire , Miller & Wrubel, P.C., New York, NY, for Ocwen Loan Servicing LLC.

Steven M. Coren, Esquire , Steven T. Davis, Esquire , David Dormont, Esquire , Kaufman, Coren & Ress, P.C., Philadelphia, PA, Charles A. McCauley III, Esquire , Joseph P. Dougher, Esquire , Kellie M. MacCready, Esquire , Obermayer, Rebmann, Maxwell & Hippel LLP, Wilmington, DE, Kevin J. Murphy, Esquire , Dennis J. Quinn, Esquire , Carr Maloney P.C., Washington, DC, for the Trustee.


OPINION1

MARY F. WALRATH, Bankruptcy Judge.

Before the Court is the motion for summary judgment filed by the Defendants, the Berkshire Group, LP ("Berkshire") and Michael W. Trickey ("Trickey"), on all counts of the Trustee's Amended Complaint. The crux of the issues presented is whether the relationship between the Defendants and the Trustee rose to a level of a fiduciary. For the reasons set forth below the Court...

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