IN RE ALLEGHENY INTERN., INC.

Bankruptcy No. 88-448, Motion No. 88-2796M.

94 B.R. 877 (1988)

In re ALLEGHENY INTERNATIONAL, INC., Sunbeam Corporation, Sunbeam Holdings, Inc., Almet/Lawnlite, Inc., and Chemetron Corporation, Debtors.

United States Bankruptcy Court, W.D. Pennsylvania.

September 23, 1988.


Attorney(s) appearing for the Case

Stephen I. Goldring, Asst. U.S. Trustee, W.D. Pa., Pittsburgh, Pa., for U.S. Trustee.

Robert G. Sable, Lampl, Sable, Makoroff & Libenson, Pittsburgh, Pa., for The Official Committee of Unsecured Creditors for Allegheny Intern., Inc.

David A. Murdoch, Kirkpatrick & Lockhart, Pittsburgh, Pa., for Mellon Bank Group.

Douglas A. Campbell, Campbell & Levine, Pittsburgh, Pa., for The Official Committee of Unsecured Creditors for Sunbeam.

M. Bruce McCullough, Buchanan Ingersoll, P.C., Pittsburgh, Pa., for debtors.

Samuel H. Iapalucci, Vice President and Treasurer, Allegheny Intern., Inc., Pittsburgh, Pa., Allegheny International, Inc.

Richard S. Toder, Zalkin, Rodin & Goodman, New York City, for Chemical Bank.

Denis F. Cronin, Wachtell, Lipton, Rosen & Katz, New York City, for Marine Midland Bank, N.A.

Security Exchange Com'n, New York City, for Securities & Exchange Com'n.

Gary L. Blum, Reavis & McGrath, New York City, for Official Committee of Equity Sec. Holders.

Joel Walker, Pollard, Walker & Vollmer, Pittsburgh, Pa., for Prudential Capital Inv. and Prudential Ins. Co. of America.

Richard A. Gitlin, Hebb & Gitlin, P.C., Hartford, Conn., for The Aetna Cas. and Sur. Co., The Equitable Life Assur. Soc. of the U.S., Teachers Ins. and Annuity Ass'n, The Travelers Ins. Co., New York Life Ins. Co., Equitable Cas. Co., Connecticut Mut. Life Ins. Co. and Aetna Life Ins. Co. of Illinois.

Richard A. Finberg, Berger, Kapetan, Malakoff & Meyers, P.C., Pittsburgh, Pa., Ann Miller, Greenfield & Chimicles, Haverford, Pa., for plaintiff class.


MEMORANDUM OPINION

JOSEPH L. COSETTI, Bankruptcy Judge.

This matter comes before the court by the Motion for an Order that Proof of Claim be Allowed on Class Wide Basis and for Expedited Disposition of this Motion (the "Motion to Allow Class Claim"). The moving parties are the named plaintiffs in a class action, In re Allegheny International, Inc. Shareholders Litigation, at Civil Action No. 86-835 ("the class action") in the United States District...

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