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IN RE SHARON STEEL CORP.

No. 88-3651.

871 F.2d 1217 (1989)

In re SHARON STEEL CORPORATION, Debtor. Appeal of DWG CORPORATION and Victor Posner.

United States Court of Appeals, Third Circuit.

Decided April 7, 1989.

Attorney(s) appearing for the Case

Paul H. Titus, Mansmann, Cindrich & Titus, Pittsburgh, Pa., Michael V. Blumenthal, Haythe & Curley, New York City, for appellants.

Russell J. Ober, Jr., Steven Petrikis, Rose, Schmidt, Hasley & DiSalle, Pittsburgh, Pa., for appellee James W. Toren, trustee of Sharon Steel Corp.

Herbert P. Minkel, Jr., Vincent J. Coyle, Jr., Fried, Frank, Harris, Shriver & Jacobson, New York City, Philip E. Beard, Stonecipher, Cunningham, Beard & Schmitt, Pittsburgh, Pa., for appellees, The Official Committee of Unsecured Creditors.

Before GIBBONS, Chief Judge, and SCIRICA and NYGAARD, Circuit Judges.

Submitted Under Third Circuit Rule 12(6) March 30, 1989.

OPINION OF THE COURT

GIBBONS, Chief Judge:

DWG Corporation and Victor Posner appeal from a district court decision affirming a bankruptcy court order appointing a trustee-in-bankruptcy for debtor Sharon Steel ("the debtor" or "Sharon") pursuant to 11 U.S.C. § 1104. DWG and Posner contend that the bankruptcy court should have denied the committee of unsecured creditors' ("the committee...

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