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IN RE FORTY-EIGHT INSULATIONS, INC.

Bankruptcy No. 85 B 05061.

133 B.R. 973 (1991)

In re FORTY-EIGHT INSULATIONS, INC., Debtor.

United States Bankruptcy Court, N.D. Illinois, E.D.

November 27, 1991.

Attorney(s) appearing for the Case

Terry John Malik, Michael P. O'Neil and Brian A. Loftus, Winston & Strawn, Chicago, Ill., on briefs, for debtor.

Howard L. Adelman, Adelman, Gettleman & Merens, Chicago, Ill., on briefs; and Norman J. Barry, Rothschild, Barry & Myers, Chicago, Ill., on briefs, for Foster Wheeler Corp.

MEMORANDUM OPINION

RONALD S. BARLIANT, Bankruptcy Judge.

The Debtor, Forty-Eight Insulations, Inc., filed a motion asking this Court to approve a settlement agreement with several of its insurers. Foster Wheeler Corporation ("FWC") filed a motion to dismiss the Debtor's motion. For the reasons discussed below, FWC's motion to dismiss is granted and Forty-Eight's motion is denied.

BACKGROUND

Forty-Eight was a manufacturer of insulation that...

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