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IN RE EMONS INDUSTRIES, INC.

Bankruptcy No. 84 B 10486 (PBA).

76 B.R. 59 (1987)

In re EMONS INDUSTRIES, INC., Debtors.

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

July 23, 1987.

Attorney(s) appearing for the Case

Saul, Ewing, Remick & Saul, Philadelphia, Pa. by William T. Windsor, Jr., J. Dennis Faucher, for the Equity Securityholders' Committee and pro se.

Wachtell, Lipton, Rosen & Katz, New York City by Thomas Moers Mayer, for Creditors' Committee.

Levin & Weintraub & Crames, New York City by Lester Kirshenbaum, for debtor.

MEMORANDUM DECISION ON APPLICATION FOR ALLOWANCE OF COUNSEL TO THE EQUITY SHAREHOLDERS' COMMITTEE

PRUDENCE B. ABRAM, Bankruptcy Judge:

Yes, Virginia, there is a Santa Claus, at least for administration claimants in a confirmed Chapter 11 case. The secured creditors may be more comfortable in the Uncle Scrooge role. But at confirmation, like it or not, they must play Santa Claus.

The debtor in this case, Emons Industries, Inc. ("Emons" or "Debtor")...

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