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IN RE JOHNS-MANVILLE CORP.

No. 84 Civ. 1159 (RLC).

45 B.R. 833 (1984)

In re JOHNS-MANVILLE CORPORATION, et al., Debtors. Peter John ROBINSON, et al., Appellant, v. JOHNS-MANVILLE CORPORATION, et al., Debtors-Appellees.

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

December 11, 1984.

Attorney(s) appearing for the Case

Davis Polk & Wardwell, Levin & Weintraub & Crames, New York City, for Johns-Manville Corp., et al.; Lowell Gordon Harriss, Miriam G. Cedarbaum, Karen E. Wagner, New York City, of counsel.

Anderson, Russell, Kill & Olick, P.C., New York City, for Keene Corp.; Arthur S. Olick, Stephen J. Shimshak, Adrienne M. Coffin, New York City, of counsel.

Moses & Singer, New York City, for Asbestos Committee; Robert J. Rosenberg, Shelly Rothschild, New York City, of counsel.

Hahn & Hessen, New York City, for Equity Security Holders Committee; George A. Hahn, Steven M. Mandelsberg, Barry M. Schkolnick, New York City, of counsel.

Greene, O'Reilly, Broillet, Paul, Simon, Wheeler, McMillan & Rosenberg, Los Angeles, Cal., and Doros & Blessey, P.C., New York City, for Peter John Robinson; Jerrold T. Doros, New York City, of counsel.

OPINION

ROBERT L. CARTER, District Judge.

The present motion arises out of the proceedings in bankruptcy resulting from the Chapter 11 petitions filed by the Johns-Manville Corporation ("Manville") and affiliated companies. The reorganization stems from present and expected litigation against Manville based on exposure to asbestos manufactured by Manville. An important factor in these proceedings is the presence, if it can be called that, of an indeterminate...

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