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IN RE CHATEAUGAY CORP.

No. 91 Civ. 8373 (DNE).

141 B.R. 794 (1992)

In re CHATEAUGAY CORPORATION, Reomar, Inc., the LTV Corporation, et al., Debtors. The OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF LTV AEROSPACE AND DEFENSE COMPANY, INC., v. The OFFICIAL COMMITTEE OF UNSECURED CREDITORS OF LTV STEEL COMPANY, INC., and Chateaugay Corporation, Reomar, Inc. the LTV Corporation, et al., Defendants.

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

July 7, 1992.

Attorney(s) appearing for the Case

Hertzog, Calamari & Gleason, New York, N.Y., Carla E. Craig, Steven M. Schwartz (William, Cutler & Pickering, Washington, D.C., William J. Perlstein, Patrick J. Carome, Stephen M. Cutler, Gregory S. Lane) of counsel for appellant the Official Committee of Unsecured Creditors of LTV Aerospace and Defense Company.

Stroock & Stroock & Lavan, New York, N.Y., Mark A. Speiser, Brian M. Cogan, Mark S. Winter, Lisa Peck and Wachtell Lipton Rosen & Katz, New York, N.Y., Leonard M. Rosen, Harold S. Novikoff, of counsel for appellee the Official Committee of Unsecured Creditors of LTV Steel Company, Inc.

Pension Benefit Guarantee Corporation, Washington D.C., Carol Connor Flowe, James J. Armbruster, Asst. Gen. Counsel, Paula J. Connelly (Steptoe & Johnson, Charles G. Cole and Otterbourg, Steindler, Houston & Rosen, William Silverman) of counsel.

Blank, Rome, Comiskey & McCauley, Philadelphia, Pa., Thomas E. Biron, Raymond L. Shapiro, William E. Taylor, III, of counsel for the Parent Creditor's Committee.

OPINION & ORDER

EDELSTEIN, District Judge:

The Official Committee of Unsecured Creditors of LTV Aerospace and Defense Company (the "Aerospace Committee") filed this appeal from the Bankruptcy Court's November 5, 1991 order. For the reasons stated below, the appeal is dismissed.

I. BACKGROUND

Familiarity with the Byzantine path of this bankruptcy proceeding is assumed. Some background will be discussed, however, in order to place this...

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