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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), Adv. No. 89-6122A.

115 B.R. 760 (1990)

In re CHATEAUGAY CORPORATION, Reomar, Inc., the LTV Corporation, et al., Debtors. The LTV CORPORATION, for itself and on behalf of all affiliated debtors in these cases; the Official Committee of Unsecured Creditors of LTV Steel Company, Inc.; the Official Committee of Parent Creditors of the LTV Corporation; the Official Committee of Equity Security Holders; and the LTV Bank Group, Plaintiffs, v. PENSION BENEFIT GUARANTY CORPORATION, Defendant.

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

May 24, 1990.

Attorney(s) appearing for the Case

Davis Polk & Wardwell by Lewis Kaden, Karen E. Wagner, Levin & Weintraub, Crames & Edelman by Michael J. Crames, Marc Abrams, New York City, LeBoeuf, Lamb, Leiby & MacRae, P.C. by Frank Cummings, Washington, D.C., for debtors/plaintiffs.

Pension Benefit Guar. Corp., Carol Connor Flowe by Jeanne K. Beck, William G. Beyer, Washington, D.C.

Cleary, Gottlieb, Steen & Hamilton by George Weisz, New York City, for PBGC.

Stroock & Stroock & Lavan, Wachtell, Lipton, Rosen & Katz by Harold S. Novikoff, New York City, for LTV Steel Creditors Committee/plaintiffs.

Blank, Rome, Cominsky & McCauley by William E. Taylor, III, Philadelphia, Pa., for Parent Creditors Committee/plaintiffs.

Kramer, Levin, Nessen, Kamin & Frankel by Michael J. Dell, New York City, for LTV Bank Group/plaintiffs.

Warshaw Burstein Cohen Schlesinger & Kuh by Edgar H. Booth, New York City, for Equity Committee/plaintiffs.

Winthrop, Stimson, Putnam & Roberts by Millard P. Darden, Jr., New York City, for First Fidelity, N.A.

MEMORANDUM DECISION ON MOTION AND CROSS-MOTION FOR SUMMARY JUDGMENT

BURTON R. LIFLAND, Chief Judge.

(FINDINGS OF FACT AND CONCLUSIONS OF LAW PURSUANT TO 28 U.S.C. § 157(c)(1) AND BANKRUPTCY RULE 9033)

This adversary proceeding is before this Court pursuant to a withdrawal of the reference and referral for findings and conclusions subject to de novo review in accordance with 28 U.S.C. § 157(c)(1)1. The...

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