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IN RE SHARON STEEL CORP.

Bankruptcy No. 87-207E, Motion No. 87-1019.

86 B.R. 455 (1988)

In re SHARON STEEL CORPORATION, Debtor.

United States Bankruptcy Court, W.D. Pennsylvania.

May 2, 1988.

Attorney(s) appearing for the Case

Campbell & Levine, Pittsburgh, Pa., for debtor.

Haythe & Curley, Michael Blumenthal, New York City, for DWG Corp.

Mansmann, Cindrich & Titus, Paul H. Titus, Pittsburgh, Pa., for DWG Corp. and Victor Posner.

Rose, Schmidt, Hasley & DiSalle, Lawrence Palmer, Pittsburgh, Pa., for trustee, James Toren.

Steven Goldring, Pittsburgh, Pa., Asst. U.S. Trustee.

Arthur Linker, New York City, for I.B.J. Schroder, Rosen, Mann & Colin.

OPINION ON APPOINTMENT OF A TRUSTEE

WARREN W. BENTZ, Bankruptcy Judge.

I. Introduction

Sharon Steel Corporation ("Sharon" or "debtor") filed its voluntary petition under Chapter 11 of the Bankruptcy Code on April 17, 1987. Its schedules show $742 million in liabilities and $478 million in assets.1

Sharon is a steel maker, with blast furnaces and principal manufacturing equipment located in the vicinity...

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