MATTER OF BALDWIN-UNITED CORP.

Bankruptcy No. 1-83-02495.

79 B.R. 321 (1987)

In the Matter of BALDWIN-UNITED CORPORATION, D.H. Baldwin Company, et al., Debtors.

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

October 16, 1987.


Attorney(s) appearing for the Case

O'Melveny & Myers, Los Angeles, Cal., for debtor.

Raymond L. Shapiro, Philadelphia, Pa., for Blank, Rome, Comisky & McCauley.

Paul S. Aronzon, Los Angeles, Cal., for Gendel, Raskoff, Shapiro & Quittner.

Donald Alexander, Washington, D.C., for Cadwalader, Wickersham & Taft.

Hugh Rowland, Jr., New York City, for Debevoise & Plimpton.

Cleary, Gottlieb, Steen & Hamilton, New York City, for Shearson Lehman Bros, Inc.

Mark I. Wallach, Calfee, Halter & Griswold, Cleveland, Ohio, for First Nat. Bank of Chicago.

William F. Martson, Jr., Tonken, Torp, Galen, Marmaduke & Booth, Portland, Or., for First Interstate Bank of Oregon.

Irving Harris, Cincinnati, Ohio, for Porter, Wright, Morris & Arthur.

Bernard Shapiro, Los Angeles, Cal., for California First Bank.

Thomas F. Butler, Jr., AmeriTrust of Cleveland, Cleveland, Ohio, for AmeriTrust Co., N.A.

Joseph Chirvin, Rosenman, Colin, Freund, Lewis & Cohen, New York City, for IBJ Schroder Bank & Trust Co.

Peter Wolfson, New York City, for Booth, Marcus & Pierce.

Martin J. Bienenstock, Weil, Gotshal & Manges, New York City, for Leucadia Nat. Corp.


RANDALL J. NEWSOME, Bankruptcy Judge.

On September 26, 1983 a company whose president was determined to make it the largest financial services firm in the world came crashing into this bankruptcy court with assets charitably valued at approximately $9 billion and debts estimated variously at $9 billion or multiples thereof. At 10:05 a.m. on that date involuntary Chapter 11 petitions were filed against Baldwin-United Corporation ("BU") and D.H. Baldwin Company, ("DHB...

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