MATTER OF LIFEGUARD INDUSTRIES, INC.

Bankruptcy No. 1-82-01633.

37 B.R. 3 (1983)

In the Matter of LIFEGUARD INDUSTRIES, INC., Debtor.

United States Bankruptcy Court, S.D. Ohio, W.D.

August 30, 1983.


Attorney(s) appearing for the Case

Joel S. Moskowitz, Cincinnati, Ohio, for Lifeguard Indus., Inc.

Robert A. Goering, Cincinnati, Ohio, for Board of Directors.

William H. Schorling, Pittsburgh, Pa., for Creditors' Committee.

Robert J. Sidman, Frederick R. Reed, Columbus, Ohio, for BancOhio.


FINDINGS OF FACT, OPINION AND CONCLUSIONS OF LAW

RANDALL J. NEWSOME, Bankruptcy Judge.

This Chapter 11 case is before the Court pursuant to an Application for Approval of New Management, a Motion to Confirm Appointment of New Directors, and a Motion for Appointment of Committee of Equity Security Holders. A hearing on said motions was commenced on August 16, 1983, and completed on August 23, 1983.

One of the major issues raised by the Applications...

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