Court of Appeals for the Second Circuit December 26, 1985, No. 303, Docket No. 85-5059 (Unsecured Creditors Committee of Debtor STN Enterprises v. Noyes)

OAKES, Circuit Judge:

An unsecured creditors’ committee of a debtor in possession under chapter 11 of the Bankruptcy Code appeals from a judgment of the district court denying the committee’s motion for leave to commence an action. The committee sought leave from the United States District Court for the District of Vermont, Franklin S. Billings, Jr.