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IN RE WINGSPREAD CORP.

Bankruptcy Nos. 87 B 10619 (TLB)-87 B 10630 (TLB).

116 B.R. 915 (1990)

In re WINGSPREAD CORP., et al., Debtors.

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

July 24, 1990.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City by Marcia L. Goldstein, Brian S. Rosen, for Gulf & Western, Inc.

Daniel A. Zimmerman, New York City, for Pandora Industries, Inc.

Hahn & Hessen, New York City by George A. Hahn, David A. Berges, for trustee.

Fried, Frank, Harris, Shriver & Jacobson, New York City by Gerald Bender, for debtors.

DECISION ON CROSS-MOTIONS FOR SUMMARY JUDGMENT REGARDING GUARANTOR'S CLAIM

TINA L. BROZMAN, Bankruptcy Judge.

In this latest of the decisions spawned by the bankruptcy of Wingspread Corp. (Wingspread) and its twelve debtor subsidiaries (collectively, the Debtors), the ultimate issue is the allowability of a sizeable administrative claim filed by Gulf & Western, Inc. (G & W). Resolution of that issue posed in these motions and cross-motions for summary...

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