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IN RE CHATEAUGAY CORP.

Bankruptcy Nos. 86 B 11270 (BRL), 86 B 11334 (BRL), 86 B 11402 (BRL) and 86 B 11464 (BRL).

109 B.R. 51 (1990)

In re CHATEAUGAY CORPORATION, Reomar, Inc., The LTV Corporation, et al., Debtors.

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

January 11, 1990.

Attorney(s) appearing for the Case

Levin & Weintraub & Crames by Arlene R. Alves, and Davis Polk & Wardwell, by Karen E. Wagner, Maryellen E. Abely, New York City, for debtors.

Stroock & Stroock & Lavan by Lawrence Handelsman, Mark Speiser, New York City, for Steel Creditors Committee.

Blank, Rome, Comisky & McCauley by Thomas E. Biron, Philadelphia, Pa., for Parent Committee.

Rosenman & Colin by Paul L. Bindler, New York City, for IBJ Schroder Bank & Trust Co.

Haynes and Boone by Robin E. Phelan, Dallas, Tex., for BancTexas-Dallas.

Walker & Walker, P.C. by John A. Walker, Jr., Knoxville, Tenn., for Valley Fidelity Bank & Trust Co.

Day, Berry & Howard by James J. Tancredi, Hartford, Conn., for The Connecticut Bank & Trust Co., N.A.

Hahn Loeser & Parks by Lawrence E. Oscar, Cleveland, Ohio, for The Huntington Nat. Bank.

Shipman & Goodwin by Alan E. Lieberman, Hartford, Conn., for The Connecticut National Bank.

Sullivan & Cromwell, by Mark Van Dyke Holmes, New York City, for San Paolo Bank.

Winthrop, Stimson, Putman & Roberts by Ted A. Berkowitz, New York City, for First Fidelity Bank, Nat. Ass'n, New Jersey.

MEMORANDUM DECISION ON MOTION FOR PARTIAL SUMMARY JUDGMENT ON OBJECTION TO CLAIMS

BURTON R. LIFLAND, Chief Judge.

BACKGROUND

On July 17, 1986 (the "Filing Date") and thereafter, the LTV Corporation and sixty-six of its subsidiaries, (collectively, the "Debtors"), filed for reorganization under Chapter 11 of the Bankruptcy Code (the "Code") and were continued in the management, operation and possession of their businesses and properties as debtors...

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