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IN RE NEW YORK TRAP ROCK CORP.

Nos. 90 B 27276 to 90 B 21286, 90 B 21334 and 90 B 21335, Adv. No. 92-5403A, No. 93 Civ. 5480 (VLB).

160 B.R. 876 (1993)

In re NEW YORK TRAP ROCK CORPORATION, Lone Star Industries, Inc., et al., Debtors. LONE STAR INDUSTRIES, INC., a Delaware corporation, Debtor and Debtor-in-Possession, Plaintiff-Appellant, v. COMPANIA NAVIERA PEREZ COMPANC, Sacfimfa, Sudacia, SA, Invesora Patagonica, SA and Lomo Negra Compania Industrial Argentina SA, all Argentine corporations, Defendants-Appellees.

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

November 16, 1993.

Attorney(s) appearing for the Case

Steven M. Kayman, Proskauer, Rose, Goetz & Mendelsohn, New York City, for plaintiff-appellant.

Howard, Darby & Levin, New York City, for defendant Perez Companc.

Curtis, Mallet Prevost, Colt & Mosle, New York City, for defendant-appellee Lomo Negra.

MEMORANDUM ORDER

VINCENT L. BRODERICK, District Judge.

I

This bankruptcy appeal involves sale of the debtor Lone Star's 50% interest in a series of Argentine corporations. The holder of the other 50% interest, the defendant Perez Companc, sold its share to a potential buyer at a higher price than obtained by Lone Star, to the only other interested bidder for shares in the Argentine entities.1 Prior to this sale, Perez...

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