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IN RE FEDERATED DEPT. STORES, INC.

Bankruptcy No. 1-90-00130, Adv. No. 1-91-0232.

135 B.R. 947 (1992)

In re FEDERATED DEPARTMENT STORES, INC., Allied Stores Corporation, et al., Debtors. ALLIED STORES CORPORATION and Official Committee of Bondholders, Plaintiffs, v. CHUBB INSURANCE COMPANY OF CANADA, Defendant.

United States Bankruptcy Court, S.D. Ohio, W.D.

January 3, 1992.

Attorney(s) appearing for the Case

Cory Lipoff, Jones, Day, Reaves & Pogue, Cleveland, Ohio, Ellen Werther, Coudert Brothers, New York City, for plaintiffs.

Dan Bailey, Arter & Hadden, Michael Graney, Simpson, Thatcher & Bartlett, Columbus, Ohio, for defendant.

ORDER

J. VINCENT AUG, Jr., Bankruptcy Judge.

BACKGROUND

On February 1, 1989, Chubb Insurance Company of Canada ("Chubb") issued an Executive Liability and Indemnification Policy ("Policy") to Campeau Corporation and its direct and indirect subsidiaries, including Allied Stores Corporation ("Debtor"). The Policy obligates Chubb to pay on behalf of the directors and officers of the Debtor all amounts which they become legally obligated to pay on...

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