PATRICIA WILLIAMS, Chief Judge, Bankruptcy
THIS MATTER having come on for hearing on the Objection to Claim, Unsworn Declaration in Support of Objection, and Notice of Right to File Response (the "Objection") filed by the Summit Unsecured Creditors' Committee, by and through its counsel, Southwell O'Rourke, P.S., with respect to the Proof of Claim filed by Karen Bauske (the "Claimant(s)") against Summit Securities, Inc. in the amount of $9,171.00, under claim docket number 2093 (the "Claim"), and the Court finding that the Objection was properly served on the Claimant(s) as required by law, and the Claimant(s) having filed a response to the Objection, by and through its counsel Grenley, Rotenberg, Evans, Braggen, Bodie, PC, and the parties stipulating to the entry of this Order, and the objection being made upon the best information available to the Summit Unsecured Creditors' Committee, and the Court being fully advised in the premises; now therefore,
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that the preferred stock claim of Claimants(s) is disallowed as a general unsecured claim in its entirety.
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the preferred stock claim, if liquidated by a Court of competent jurisdiction, or upon entry of a final award following binding arbitration, shall be allowed against Summit Securities, Inc. as a claim for damages arising from the purchase or sale of a security or securities. If so allowed, the allowed claim shall be subordinated to all claims or interest that are senior to or equal the claim or interest represented by such security or securities, pursuant to 11 U.S.C. § 510(b).
IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Claimant(s) is/are allowed the amount of $2,553.72, a general unsecured claim.