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IN RE RONCO, INC.

No. 84 C 3229.

46 B.R. 444 (1984)

In re RONCO, INC., et al., Debtors.

United States District Court, N.D. Illinois, E.D.

On Motion to Alter or Amend February 6, 1985.

Attorney(s) appearing for the Case

Louis W. Levit, Richard J. Mason, Ira Goldberg, Levit & Mason, Ltd., Chicago, Ill., for petitioner.

Joseph G. Gavin, Joseph M. Russell, First Nat. Bank of Chicago, Chicago, Ill., for respondent.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

In this appeal arising out of Chapter 11 reorganization proceedings, the Creditors' Committee ("Committee") of Ronco Teleproducts, Inc. ("Teleproducts") challenges a ruling (the "Decision") by then Bankruptcy Judge Richard Merrick1 establishing the validity, priority and amount of liens held by First National Bank of Chicago ("FNB") and Wells Fargo Bank, N.A. (collectively...

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