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IN RE CHATEAUGAY CORP.

No. 87 Civ. 4093 (KTD).

86 B.R. 40 (1988)

In re CHATEAUGAY CORPORATION, Reomar, Inc., the LTV Corporation, et al., Debtors. In re LTV STEEL COMPANY, INC., Debtor. BLUE CROSS OF WESTERN PENNSYLVANIA, Appellant, v. LTV STEEL COMPANY, INC., Appellee.

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

February 29, 1988.

Attorney(s) appearing for the Case

Springer, Bush & Perry, Pittsburgh, Pa., for appellant Blue Cross of Western Pennsylvania; Joseph Friedman, and Gerri L. Sperling, of counsel.

Strook & Strook & Lavan, New York City, for Official Committee of Unsecured Creditors; Mark A. Speiser, of counsel.

Booth, Marcus & Pierce, New York City, for Equity Security Holders; Peter D. Wolfson, of counsel.

Levin & Weintraub & Crames, Michael J. Crames, and Marc Abrams, of counsel and Davis Polk & Wardwell, Karen E. Wagner, of counsel, New York City, for the debtors and debtors in possession.

Harold Jones, Office of the Trustee, and Cohen, Weiss & Simon, New York City, for United Steel Workers; Bruce A. Simon, of counsel.

Baker & Hostetler, Cleveland, Ohio, for BCBSMNO; Susan Collins, of counsel.

Kramer, Levin, Nessen, Kamin & Frankel, New York City, for LTV Banks; Peter V. Pantaleo, of counsel.

Mark D. Katz, Cleveland, Ohio, for LTV Steel Co., Inc.

MEMORANDUM & ORDER

KEVIN THOMAS DUFFY, District Judge:

Appellant Blue Cross of Western Pennsylvania ("BCWP") here appeals from a decision of the Bankruptcy Court, (Lifland, B.J.), denying its request for relief from the automatic stay entered in the bankruptcy of LTV Steel Company, Inc. ("LTV Steel"), the debtor in possession. For the reasons set forth below, the Order appealed from is affirmed.

FACTS

LTV Steel is an amalgam of formerly...

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