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IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

Nos. 90 Civ. 6954 (MP), 92 Civ. 2173 (MP), Bankruptcy No. 90 B 10421 (FGC).

140 B.R. 347 (1992)

In re The DREXEL BURNHAM LAMBERT GROUP, INC., et al., Debtors. LAMBERT BRUSSELS ASSOCIATES LIMITED PARTNERSHIP, Appellant, v. The DREXEL BURNHAM LAMBERT GROUP, INC., et al., Appellees.

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

April 23, 1992.

Attorney(s) appearing for the Case

Edwin G. Schallert, Debevoise & Plimpton, New York City, for Lambert Brussels Associates Ltd. Partnership.

Alan B. Miller, Weil, Gotshal & Manges, New York City, for The Drexel Burnham Lambert Group Inc., et al.

Claude D. Montgomery, Milgrim Thomajan & Lee P.C., New York City, for The Official Committee of Equity Sec. Holders.

MILTON POLLACK, Senior District Judge.

Lambert Brussels Associates Limited Partnership ("LBA"), a common and junior preferred stockholder in Drexel Burnham Lambert Group, objects to the confirmation of the Second Amended and Restated Joint Plan of Reorganization of the Debtors ("Plan") because a claimant class, Drexel Burnham Lambert Group Class 6C, that will share in the distributions as a quasi-creditor class was not subordinated to the level of common stock, and...

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