MOODY v. SECURITY PACIFIC BUSINESS CREDIT, INC.

Civ. A. Nos. 83-2383, 86-2239, 86-2697, 87-0268, 87-0269, 87-1753, 87-2384, 87-2385, and 87-2386., Bankruptcy No. 82-3265, Motion No. 87-531M.

85 B.R. 319 (1988)

James MOODY, Trustee of the Estate of Jeannette Corporation, et al., Plaintiffs, v. SECURITY PACIFIC BUSINESS CREDIT, INC., et al., Defendants, v. Calvin McCRACKEN, et al., Additional Defendants. In re JEANNETTE CORPORATION, t/a Jeannette Glass, Debtor. John POLOJAC and American Flint Glass Workers Union of North America, Local No. 535, Movants, v. JEANNETTE CORPORATION, t/a Jeannette Glass, Respondent.

United States District Court, W.D. Pennsylvania, Civil Division.

Opinion March 29, 1988.


Attorney(s) appearing for the Case

George E. McGrann, Dickie, McCamey & Chilcote, Pittsburgh, Pa., for Coca-Cola Bottling Co. of N.Y. and New York Development.

Grace S. Harris, Pittsburgh, Pa., for Calvin McCracken.

Philip Beard, Stonecipher, Cunningham, Beard & Schmitt, Pittsburgh, Pa., for Unsecured Active and Retired Employees.

Robert J. Cindrich, Mansmann, Cindrich & Titus, Pittsburgh, Pa., for Unsecured Creditors Committee.

Christopher J. Keith, Bell, Boyd & Lloyd, Chicago, Ill., Robert O. Lampl, Pittsburgh, Pa., for Robert M. Janowaik and Interdyne Inc.

H. Woodruff Turner, Kirkpatrick & Lockhart, Pittsburgh, Pa., for debtor's Board of Directors (Brogan Group) (Jeannette Corp.)

Robert L. Potter, Strassburger McKenna Gutnick & Potter, Pittsburgh, Pa., for Frank Storey.

David J. Humphreys, Humphreys & Nubani, Pittsburgh, Pa., for Unsecured Trade Creditors.

Angie Arnett, Pension Benefit Guar. Corp., Washington, D.C.

Douglas Campbell, Stanley Levine, Campbell & Levine, Pittsburgh, Pa., for trustee, James Moody.

Sanford M. Lampl, Lampl, Sable, Makoroff and Libenson, Pittsburgh, Pa., Michael Pappone, Thomas Fuchs, Goldstein & Manello, Boston, Mass., for debtor, Jeannette Corporation.

George L. Cass, Buchanan & Ingersoll, P.C., Pittsburgh, Pa., William F. Lloyd, Michael J. Sweeney, Sidley & Austin, Chicago, Ill., for Security Pacific Business Credit, Inc.


FINDINGS OF FACT, CONCLUSIONS OF LAW, OPINION AND ORDER

SIMMONS, District Judge.

INTRODUCTION

The issue addressed in the within findings of fact, conclusions of law, opinion and order is whether this United States District Court should grant the motion requesting that the underlying Bankruptcy Code Chapter 11, Reorganization Proceeding filed in the United States Bankruptcy Court for the Western District of Pennsylvania, at Bankruptcy No. 82-3265...

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