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IN RE JOHNS-MANVILLE CORP.

Bankruptcy Nos. 82 B 11656-82 B 11676, Adv. No. 85-6557A.

52 B.R. 879 (1985)

In re JOHNS-MANVILLE CORPORATION, et al., Debtors. MANVILLE CORPORATION, Plaintiff, v. The EQUITY SECURITY HOLDERS COMMITTEE, A.F. Investments as a Member of the Equity Security Holders Committee, Bankers National Life Insurance Company as a Member of the Equity Security Holders Committee, Centerre Trust Company of St. Louis as a Member of the Equity Security Holders Committee, Clayton & Dubilier Inc. as a Member of the Equity Security Holders Committee, Leon B. Dubin as a Member of the Equity Security Holders Committee, the Independent Insurance Group, Inc. as a Member of the Equity Security Holders Committee, Bertrand A. McKittrick as a Member of the Equity Security Holders Committee, Shlomo Nutovic as a Member of the Equity Security Holders Committee, Raytheon Financial Corporation as a Member of the Equity Security Holders Committee, and Leonard Starobin (Starr) as a Member of the Equity Security Holders Committee, Defendants.

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

September 20, 1985.

Attorney(s) appearing for the Case

Levin & Weintraub & Crames, Davis, Polk & Wardwell, New York City, for debtors; Michael J. Crames and Andrew Kress, Lowell Gordon Harriss, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for Creditors Committee; John Gellene, New York City, of counsel.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for Leon Silverman, Legal Representative; Matthew Gluck, New York City, of counsel.

Virginia M. Handal, New York City, for U.S. Securities and Exchange Committee.

Latham & Watkins, New York City, for Asbestos plaintiffs; Stephen J. Sturgill, New York City, of counsel.

Hahn & Hessen, New York City, for Equity Sec. Holders Committee; George Hahn, Angela G. Tese, and Steven J. Mandelsberg, New York City, of counsel.

Weil, Gotshal & Manges, New York City, for Owens-Illinois; Ellen Werther, New York City, of counsel.

Whitman & Ransom, New York City, for U.S. Trust Co. of N.Y.; William M. Kahn, New York City, of counsel.

BURTON R. LIFLAND, Bankruptcy Judge.

On September 11, 1985, this Court delivered a bench ruling inter alia denying a motion of the Equity Security Holders Committee ("Equity Committee") for authority to retain the Delaware law firm of Allmond, Eastburn and Benge ("the Allmond firm") as special counsel and further denying the application seeking advance reimbursement for expenses incurred by the Committee in holding a shareholders' meeting. The Equity Committee...

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