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MATTER OF W.T. GRANT CO.

Bankruptcy No. 75 B 1735.

6 B.R. 762 (1980)

In the Matter of W.T. GRANT COMPANY, Bankrupt.

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

September 15, 1980.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for trustee; Harvey Miller & Richard Krasnow, New York City, of counsel.

Brewer & Soeior, New York City by Bradley R. Brewer, New York City; Robson & Miller, New York City by Morton Robson, New York City; Bader & Bader, White Plains, N.Y. by I.W. Bader, White Plains, N.Y., for debentureholders.

Sherman & Sterling, New York City by Gary Lyons, New York City, for Citibank.

Milbank, Tweed, Hadley & McCloy, New York City by Howard Seife, New York City, for Chase Manhattan Bank.

Davis, Polk & Wardwell, New York City by Ogden Lewis, New York City, for Morgan Guaranty Bank.

Stroock & Stroock & Lavan, New York City by Jack Gross, New York City, for Morgan, et al.

Whitman & Ransom, New York City by William Kahn, New York City, for indenture trustee.

MEMORANDUM AND ORDER

JOHN J. GALGAY, Bankruptcy Judge.

On July 23, 1980, the trustee for the bankrupt estate of W.T. Grant Co. brought an action to restrain defendants, five holders of bankrupt's 4¾% convertible subordinated debentures, from disseminating an allegedly misleading communication to approximately 2300 other holders of the debentures. As a part of that action, the trustee seeks leave of this court to preliminarily enjoin the defendants from...

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