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IN RE ALLEGHENY INTERN., INC.

Civ. A. Nos. 89-1893, 89-1894.

117 B.R. 171 (1990)

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

United States District Court, W.D. Pennsylvania.

July 31, 1990.

Attorney(s) appearing for the Case

Gary Blum, New York City, for Equity Committee.

Bruce McCullough, et al., Pittsburgh, Pa., for Sunbeam & Allegheny Intern.

Lorie Beers, Pittsburgh, Pa., for Official Committee of Unsecured Creditors of A.I.

MEMORANDUM OPINION

BLOCH, District Judge.

I. Facts

On February 20, 1988, Allegheny International, Inc. (AI) and four of its subsidiaries filed petitions for reorganization under Chapter 11 of the Bankruptcy Code. On May 3, 1988, fourteen other subsidiaries of AI filed for relief.

On July 25, 1989, AI filed a motion with the bankruptcy court seeking approval of the terms and conditions of a...

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