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IN RE DE LAURENTIIS ENTERTAINMENT GROUP, INC.

No. CV 89-6443 TJH.

114 B.R. 694 (1990)

In re DE LAURENTIIS ENTERTAINMENT GROUP, INC. et al., Debtor. COMFINANCE, S.A., Appellant, v. OFFICIAL COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS OF DE LAURENTIIS ENTERTAINMENT GROUP, INC., Appellees.

United States District Court, C.D. California.

May 21, 1990.

Attorney(s) appearing for the Case

Frank C. Christl and Martin L. Smith, Gendel, Raskoff, Shapiro & Quittner, Los Angeles, Cal., for appellant, Comfinance, S.A.

Richard T. Peters and Bruce A. Markell, Sidley & Austin, Los Angeles, Cal., for appellee, Official Committee of Creditors Holding Unsecured Claims of De Laurentiis Entertainment Group.

OPINION AND ORDER

HATTER, District Judge.

The Bankruptcy Court, in its August 24, 1989 order ["Order"], determined Comfinance's offer ["Offer"] to purchase assets of the De Laurentiis Entertainment Group, Inc. ["DEG"] to be a competing offer. The Bankruptcy Court also ordered Comfinance to deliver $35 million, in trust, to the Official Committee of Creditors Holding Unsecured Claims of De Laurentiis Entertainment Group, Inc. ["OCC"] pending further order...

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