In re DREXEL BURNHAM LAMBERT GROUP INC., et al., Debtor.
United States Bankruptcy Court, S.D. New York.https://leagle.com/images/logo.png
December 18, 1992.
December 18, 1992.
Attorney(s) appearing for the Case
P. Gruenberger, Weil, Gotshal & Manges, New York City, for Drexel Burnham Lambert Group, Inc., et al. (Drexel).
E. Sherby, Fried, Frank, Harris, Schriver & Jacobson, New York City, for thirty seven claimants (the "Claimants").
G. Sanders, Dewey Ballantine, New York City, for First Boston Corp. (First Boston).
P. Armstrong, New York City, for Kidder, Peabody & Co. Inc. (Kidder).
D. Jaroslaw, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Advest, Inc. (Advest), and Shearson Lehman Brothers (Shearson Lehman).
S. Santoro, Christy & Viener, New York City, for Prudential Securities Inc. (Prudential).
J. Benedict, Rogers & Wells, New York City, for Merrill Lynch, Pierce, Fenner & Smith, Inc. (Merrill Lynch).
H. Goldstein, Fried, Frank, Harris, Shriver & Jacobson, New York City, for Howard, Weil, Labouisse, Friedrichs Inc. (Howard Weil).
L. Dummett, Cleary, Gottlieb, Steen & Hamilton, New York City, for L.F. Rothschild (Rothschild).
United States Bankruptcy Court, S.D. New York.
MEMORANDUM OF DECISION ON THE APPLICATION OF § 502(e)(1)(B) TO THE INDEMNIFICATION OF DEFENSE COSTS ASSOCIATED WITH UNRESOLVED UNDERLYING THIRD PARTY ACTIONS
FRANCIS G. CONRAD, Bankruptcy Judge.*
We are presented with two issues1. First, whether claims for indemnification of costs and expenses, including attorney fees, (Defense Costs) associated with the...
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