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IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

Bankruptcy No. 90-10421 (FGC), Adv. No. 90-6555A.

134 B.R. 499 (1991)

In re The DREXEL BURNHAM LAMBERT GROUP, INC., et al., Debtors. Michael VAUGHN, William Fertig, and Elliot Bossen, Plaintiffs, v. The DREXEL BURNHAM LAMBERT GROUP, INC., and Republic National Bank of New York, Defendants.

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

December 13, 1991.

Attorney(s) appearing for the Case

S.M. Bernstein, Kensington & Ressler, P.C., New York City, for Michael Vaughn, William Fertig and Elliott Bossen, plaintiffs.

M.S. Kirschner, Jones, Day, Reavis & Pogue, New York City, for Official Committee of Unsecured Creditors of Drexel Burnham Lambert Group, Inc.

H.J. Yale, Weil, Gotshal & Manges, New York City, for Debtor, Drexel Burnham Lambert Group, Inc.

MEMORANDUM OF DECISION ON COMPROMISE AND SETTLEMENT OF CLAIMS

FRANCIS G. CONRAD, Bankruptcy Judge.

Group and three former employees (Plaintiffs) envision the compromise and settlement of an adversary proceeding initiated by the former employees in the Debtors' Chapter 11 case. Group Committee opposes the settlement. A hearing was conducted1 on Group's Rule 9019 motion,2 and the matter was taken under...

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