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IN RE ALLEGHENY INTERN., INC.

Civ. A. No. 90-2106, Bankruptcy No. 88-448, Motion No. 89-4822M.

131 B.R. 24 (1991)

In re ALLEGHENY INTERNATIONAL, INC., Sunbeam Corporation, Sunbeam Holdings, Inc., Almet/Lawnlite, Inc., Chemetron Corporation, Integrated Specialties, Inc., Allegheny International (USA), Inc., Al-Industrial Products, Inc., Allegheny International Exercise Co., Woodshaft, Inc., Infoswitch, Inc., and Eliskim, Inc., Debtors.

United States District Court, W.D. Pennsylvania.

August 27, 1991.

Attorney(s) appearing for the Case

Robert L. Laufer, New York City, and Dennis J. O'Brien, Pittsburgh, Pa., for Wells Fargo.

Dennis Lewis, Pittsburgh, Pa., for Sunbeam Oster.

M. Bruce McCullough, Pittsburgh, Pa., for debtor.

Cynthia A. Baker, New York City, for Japonica Partners.

Douglas A. Campbell, Pittsburgh, Pa., for Unsecured Creditors of Sunbeam.

Larry Henin, New York City, for Equity Committee of AI.

Kathy Robb Singer, Pittsburgh, Pa., for trustee.

Michael G. Lederman, Pittsburgh, Pa., for unidentified.

Robert Sable, Pittsburgh, Pa., for unsecured creditors of AI.

MEMORANDUM OPINION

BLOCH, District Judge.

I. Introduction

Presently before this Court is the appeal of Wells Fargo Bank (Wells Fargo) from the November 20, 1990 order of the bankruptcy court. In that order, Allegheny International, Inc.'s (AI) motion for permission to pay commitment fees and expenses incurred during a due diligence investigation performed by Wells Fargo and its counsel, Paul, Weiss, Rifkind, Wharton and Garrison (Paul Weiss...

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