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IN RE McLEAN INDUSTRIES, INC.

Bankruptcy Nos. 86 B 12238 (HCB)—86 B 12241 (HCB).

84 B.R. 340 (1988)

In re McLEAN INDUSTRIES, INC., et al., Debtors.

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

March 24, 1988.

Attorney(s) appearing for the Case

Milbank Tweed Hadley & McCloy, New York City by Alan W. Kornberg, Stephen J. Shimshak, Robert D. Drain, Lorraine M. Stinnette, for debtors.

White & Case, New York City by Allan L. Gropper, for Creditors Committee.

Kelley, Drye & Warren, Freehill, Hogan & Mahar, New York City, by Nathan J. Bayer, Alexander F. Vitale, Sandra E. Mayerson, for General Elec. Credit Corp.

DECISION AND ORDER

HOWARD C. BUSCHMAN, III, Bankruptcy Judge.

United States Lines, Inc., debtor and debtor-in-possession ("U.S. Lines"), and its affiliated debtors and debtors-in-possession, McLean Industries, Inc. ("McLean"), First Colony Farms, Inc. ("First Colony") and United States Lines (S.A.), Inc. ("S.A.)" (collectively, the "Debtors"), have moved for an order authorizing and approving a Stipulation and Agreement of Settlement (the "Agreement"). The...

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