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IN RE ALLEGHENY INTERN., INC.

Civ. A. No. 90-1081, Bankruptcy No. 88-448.

126 B.R. 919 (1991)

In re ALLEGHENY INTERNATIONAL, INC., et al., Debtors. AL TECH SPECIALTY STEEL CORPORATION, Appellant, v. ALLEGHENY INTERNATIONAL, INC., Appellee.

United States District Court, W.D. Pennsylvania.

May 6, 1991.

Attorney(s) appearing for the Case

George L. Cass, Pittsburgh, Pa., William Gardner, Washington, D.C., J.A. Katarincic, Pittsburgh, Pa., for Allegheny Intern., Inc.

Robert Sable, Pittsburgh, Pa., for Committee of unsecured creditors of A.I.

David K. Floyd, Buffalo, N.Y., H. Brian Peck, Pittsburgh, Pa., for Al Tech Specialty Steel Corp.

MEMORANDUM OPINION

BLOCH, District Judge.

Presently before the Court is an appeal of the bankruptcy court's Order and Memorandum Opinion entered on April 30, 1990. In re Allegheny International, Inc., No. 88-448 (Bankr.W.D.Pa. 4/30/90). For the reasons stated hereafter, this Court affirms the bankruptcy court's opinion in part, reverses in part, and remands for further proceedings.

I. Facts

On August 2, 1976, Allegheny Ludlum...

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