IN RE BEST PRODUCTS CO., INC.

Bankruptcy No. 91 B 10048 (TLB).

168 B.R. 35 (1994)

In re BEST PRODUCTS CO., INC., et al., Debtors.

United States Bankruptcy Court, S.D. New York.

May 25, 1994.


Attorney(s) appearing for the Case

Weil, Gotshal & Manges by Harvey Miller, Kenneth Steinthal, Lori Fife, Kevin Barrett and Judith Siegel, Orans, Elsen & Lupert by Sheldon Elsen, Robert Plotz and Melissa Cohen, New York City, for debtors.

Simpson Thatcher & Bartlett by Melvin Cantor, Lillian Kraemer, Robert Bourque and Mary Beth Forshaw, New York City, for Bank Group.

Wachtell Lipton Rosen & Katz by Chaim Fortgang and Eric Roth, New York City, for Chemical Bank.

Kronish, Lieb, Weiner & Hellman by Richard Lieb, Robert Feinstein, Tara Hannon and Sara Krauss, New York City, for Resolution Trust Corp.

Milbank, Tweed, Hadley & McCloy by Stephen Blauner and Susanne Toes, New York City, for Rockefeller Group Capital Corp. and Royal Hawaiian Shopping Center.

Resolution Trust Corp., As Receiver, Complex Litigation Section by Joseph Guzinski and Joseph Patchan, Washington, DC.

Brown & Wood by James Yellen and Charles Klink, New York City, for First Fidelity Bank.

Stroock & Stroock & Lavan by Lawrence Handelsman and David Botter, New York City, for Creditors' Committee.

Latham & Watkins by Robert Rosenberg and James Brandt, New York City, for Metropolitan Life Ins. Co.

Kirkland & Ellis by James Gale, New York City, for Adler & Shaykin.

Seward & Kissel by Catherine Kortlandt, New York City, for Mut. Life of New York.

McGuire, Kehl & Nealon by Arthur Nealon, New York City, for Kellner DiLeo and Alpine Associates.

Whitman Breed Abbott & Morgan by Norman Kinel, New York City, for Principal Mut. Life Ins. Co.


OPINION ON CONFIRMATION OF DEBTORS' JOINT PLAN OF REORGANIZATION AND APPROVAL OF RELATED COMPROMISES AND SETTLEMENTS

TINA L. BROZMAN, Bankruptcy Judge.

Best Products, Inc. and its affiliates (whom I will refer to together as "Best"), seek to confirm a joint plan of reorganization which has garnered the overwhelming support of all its creditor classes except for those ("Objectants") which hold claims that are contractually subordinated to the claims...

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