96 Cal. Daily Op. Serv. 7123, 96 Daily Journal D.A.R. 11,695 in Re Daisy Systems Corporation and Daisy/cadnetix, Inc. Bear Stearns and Company, Inc., a Delaware Corporation Bruce M. Holland Burton J. McMurtry Carl D. Carman F. Gibson Meyers Lutz P. Henckels, Creditors-Appellees v. Daisy Systems Corp., Debtor, and Jack S. Kenney, in His Capacity as Chapter 11 Trustee for Daisy Systems Corporation and Daisy/cadnetix, Inc., Trustee-Appellant

97 F.3d 1171 96 Cal. Daily Op. Serv. 7123 , 96 Daily Journal D.A.R. 11,695 In re DAISY SYSTEMS CORPORATION and Daisy/Cadnetix, Inc. BEAR STEARNS AND COMPANY, INC., a Delaware corporation; Bruce M. Holland; Burton J. McMurtry; Carl D. Carman; F. Gibson Meyers; Lutz P. Henckels, Creditors-Appellees, v. DAISY SYSTEMS CORP., Debtor, and Jack S. Kenney, in his capacity as Chapter 11 Trustee for Daisy Systems Corporation and Daisy/Cadnetix, Inc., Trustee-Appellant. No. 95-15267. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 8, 1996. Decided Sept. 24, 1996. Ronald Lovitt, J. Thomas Hannan, Lovitt & Hannan, Inc., San Francisco, California; Andrew D. Hurwitz, Robert L. Palmer, Osborn Maledon, Phoenix, Arizona; James C. Nielsen (argued and on the brief), Peter Mallon, Wright, Robinson, McCammon, Osthimer & Tatum, San Francisco, California; John J. Bartko, Christopher J. Hunt, Bartko, Zankel, Tarrant & Miller, San Francisco, California, for the trustee-appellant. Robert E. Cooper (argued), Robert Forgnone, Daniel S. Floyed, Ginger G. Bauer, Gibson, Dunn & Crutcher, Los Angeles, California, for creditors-appellees Bear Stearns. Appeal from the…